Well my last post on IOT already revealed what I thought about my next trade. If the quarterly report didn't come up and 2.1c held, I would have bought this. But unfortunately 2.1c didn't hold and there is no next support. I can't see a profit here, I wouldn't trade this now.
Also, if I did buy at 2.1c, my stop loss would be very tight, so I wouldn't really make a huge loss. If you saw the chart, that's what it would tell you so the chart is not the bad guy here, just thought will make that clear. If all the criterias of a trade met, yes I would buy this, actually buy the hell out of this as the potential to make a profit is huge. Was huge actually, the criterias don't meet as mentioned, so for me I will wait for the next support and maybe put this on my watchlist.
IOT Price at posting:
1.9¢ Sentiment: None Disclosure: Not Held
