HI guys,
Thought I'd visit ICN chart this evening.
Technicals:
1) RSI broke through its downward trend
2) MACD is pointing upwards
3) Stochs pointing up
4) price action captured the 41 day EMA
5) Heavy volume, indicating, big players buying on expected news
Whats in stock for tomorrow
1) Run upto 23-23.5 for sure,
2) However longer term looks like its going to hit the 195 EMA or the resistance line at 33
Fundamental news:
1) Looks like the MOU will get signed, traders gearing up for the eventual news. Who knows this would have another attempt at a 50 cent move!!!
Comments/Thoughts welcome
Cheers
Mayo
HI guys,Thought I'd visit ICN chart this evening.Technicals:1)...
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