IAM chart discussion only, page-250

There hasn't been a green candle for 6 consecutive days now with decreasing volume. But price volatility is decreasing with share price approaching the bottom bollinger band. Bands are starting to squeeze.

Clear downward momentum at the moment looking at RSI, MACD and stochastic (and let's face it, it's clear just by looking at the candle charts without an indicators). However, with the downward momentum, RSI and stochs showing oversold or approaching oversold signals. However, MACD acceleration indicates that there are a few more days of downward/sideway trend to go before we see a turnaround.

Looks like IAM is becoming a ranging market rather than a trending or channel-bound stock, unless we see those bands really tighten up. This means that management need to give the market something that adds to the fundamentals if we want to see sustained share price appreciation.