cptthunder said:
Any chart gurus want to take a look at IPI. Ive got a very small entry point at .75 and have almost doubled so far on it. They have been having a steady run the last two weeks with a huge up and down last thurs/frid and now is up big in pre trading (13%). It looks like there is a gap to fill at 1.50 that could still see this run up another ~10%
At first i thought it had just got ahead of itself last thursday and sold off back to its steady move up but maybe this could be a analog to what NBRV looked like last week. Still very new to this but trying to use my eyes to pcik up similar trends
You might not be in a bad spot. Looks like it hit a low on 4/2 and has been on a steady up for the most part since. The bollinger bands on the daily really contracted, indicating stock consolidation and a "build up of energy" which appears to have released and fired off in a bullish direction 2 days ago. This could be a good ride up for you here in the short term.
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B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3