the support level was my reason for entering iil yesterday.
below is an example of another stock i entered today, imo a 'low risk' entry.
1. found previous support (and closed on support) as it normally does in these plays.
2. filled a technical gap.
this is a high risk, high reward play but in my limited experience, normally pays off (how many down days can a stock have?)
this company has drilling results due, so i could be in trouble if it's dust. it may even reach my short term target before drilling results are released. that would be nice. this is only one of my trading strategies and is not for everyone. and some of the pro's who are reading this may be shaking their head lol.
