re: in the buy zone, ridgy Gse there was a fair bit of...

re: in the buy zone, ridgy Gse there was a fair bit of volatility around the bottom there, so I was using the twin $1-39 closes as a double bottom rather than the $1-31 all time low.

Revisiting it now, and with the benefit of the bounce off $1-67 (38.2%) it seems that the $1-36 low on the second leg of the double bottom checks out as the low to use.

But you are right, $1.31 could still be in play, and your 61.8% target would be correct.

So to be safe, using your $1-31 low and the $1-87 top, we could say that if ION moves below $1.655 (38.2%) vice $1.69 (with my $1-39 low) then its DEFINATELY moving lower.

Target somewhere between my $1.57 and your $1.53, reassess on the way down?


Cheers,

Christian