IOT Breakout Zones are ;
at the Tops of 28 April 2016 .. at 5.8c = new Breakout..set on Yesterday Close.
it Matched the Tops of...Sep 29 ..2015 at 5.8c = Breakout Zone/Resistance Test.
Support is
at the Tops of ..Nov 26.. 2015 .. at 5c
at the Tops of ..Jan 1 .. 2016 .. at 4.2c
IOT had a good start today with a High at 6.3c ...
But the Vol momentum could not hold Over the Breakout..at 5.8c..
and so it fell to 5.1c.. to sit on its Support Zone at 5c
IOT Fell on 11m Vol
11m V today is lower than Yesterdays 14m V = Vol in a Downtrend
If 5c is Breached lower on Close ..then 4.2c is the next Support Zone.
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- Has IOT peaked at 5.8c ?
Has IOT peaked at 5.8c ?
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