IAM chart discussion only, page-1665

I think it's a lot of damage control at the moment, as the wording of recent anns indicates. Obviously things aren't progressing as fast as some would like. MR walking away is a concern for many. It's quite clear that the next quarterly won't set the world on fire. Bots buying rather than selling is not a good sign either. At the moment the SP keeps bouncing off support levels but then marches down through them. I mentioned a descending triangle a while back while others were calling a double bottom. Looks like my fears have been realised. How low will it go? I have no idea.
It's not all doom and gloom though. It will find its bottom soon (even though it looks like it couldn't find it with both hands ATM). Things will likely keep progressing businesswise and hopefully the patient will be rewarded as the register tightens. Traders will be back, but I think a couple of months of consolidation will do it the world of good.