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Registered User
Joined: 12/31/2004
Posts: 57
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on IOTN. Do you guys see a cup and handle being completed? Do you see any reason why it shouldn't be bought? I see volume, MS increasing. Everything else is pointing up in my eyes. What do ya think? Thanks for your help
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Registered User
Joined: 11/23/2004
Posts: 11
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in my humble (but outspoken) opinion, i'd wait for it to come back inside the 20, 20 boll. bands -- looks really nice tho'
best o luck & trades
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Registered User
Joined: 10/7/2004
Posts: 264
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It has a nice breakout from the base. I'd consider 1/2 of a position here on the breakout, and maybe another 1/2 on any weakness back between 9 and 9.50. I'd get concerned if it pulled back to around 8.00. Good luck.
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Registered User
Joined: 11/23/2004
Posts: 11
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9.18 looks a lot better than 10.15 a few days ago,
good trading -
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Registered User
Joined: 10/12/2004
Posts: 7
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Hmm, if it finds support at 9.00, I would go for it, otherwise forget it. The 25 day MA is at 9.02 and if it can hold there, it probably has good upside potential.
I don't like the volume of the past 3 day decline. There still may be some selling pressure that needs to be worked off. Also there is a very minor negative stochastics divergence.
Anyhow, just my two cents. Best of luck 
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