possible price target, page-6

Revisited my chart on IDO and sold my holdings on open.

Not because i don't like it, but i feel it needs to retrace, and I wanted to lock in good profits.

1. denotes cup and handle pattern

2. with target of 0.70

3. 38.2% retrace = $0.56
50% retrace = $0.50
61.8% retrace = $0.44 which coincides with the break out.

Yellow horizontal lines are gaps.

All indicators are well overbought, I will be patient and look for any opportunity below 0.58 or when the indicators point to oversold conditions.

Good Luck all.