I will do a more in depth analysis when my end of day data comes through at 7.00. To be transparent i would like worriers to PANIC tommorrow. i will be in the buy queue with orders at 14.5c and 13.5c. Folks are forming support at 14c so chance of 14.5 as a trader taking profits dumps. A possible testing of 13.5 before settling back at the 16c as the new line of support. I will be looking to trade the 16 to 18c range to build up holdings. I have a holding ready to sell at 18c for a support pickup at 16c. But will be targeting an eventual 22c with my major holding. The true value today and for the next week is 18c with a bottom true range of 16c. In summary without end of day data I hold for the 22c peak. I plan to Short term 2 day trade at a 13.5 - 16.5c range. I target a 3-7 day trade in the 16-18c range and a 7 day plus range of 20-22c but happy at 18c. I mention I am an accumulator as a long term holder. I do not advocate folks trying to trade idc as its risky you might get nailed and not be able to get back in below your sell price hence I keep a good reserve of hold stock in case I don't get sub 16c dips. So please folks PANIC. The captain wants your stock!!!! Take what profits you have and leave the captain to catch your crumbs
i anticipate the 28c recommendation to be fair for an end of year target. My sentiment is SELL because I want to buy. How's that for transparent!!! Basically I am working 3 systems on the stock, so I win if it goes up or down. The eventual goal is to accumulate as much idc as I can below 18c. I say I am therefore a long term accumulator of idc and leech.
Usual Disclaimer- just mentioning my opinions an strategies. Not providing advice. 13.5 c or 14.5c dips may not happen. Just being prepared in case they do
I will do a more in depth analysis when my end of day data comes...
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