IOU Chart, page-1374

Accumulation Phase D

The trajectory for IOU has successfully tested the minor SOS (Sign of Strength), and has gone to the first point of LPS (Last point of support) on diminishing volume and lower price spreads, which confirms the breakout from below. Most traders would be looking for high volume to trade this stock, but this breakout is based on low volume mainly due to the supply being exhausted thoroughly by the larger operators. We can clearly see that the stock begins to move upwards slowly on low volume (in comparison to the spring volume) and demand is strong and sellers are non existent.

Based on the schematic, there will be another rally (SOS) towards the 30c and then back down above the resistance line at .265c before we see a nice long rally upwards of 30c with barely no selling pressure.