INT continues to trade within the wedgeThe pattern is holding, which is a good sign of consolidation. The wedge that was put up in this TA chart is still in place, support and resistance levels have held.
When you get wedges like this, a lot of traders put their stop loss levels on that green support line, so if the stock pushes lower next week we could see the stops getting hit and swoosh lower, so be prepared for that! In the event of the stops getting hit you would want to be waiting in the 1.20 level for a bounce play.
The other possibility is that the upside resisance gets taken out which is obviously the most bullish of cases that would please all of us here.
On a break higher, expect to see sellers in the $1.70 -$1.80 range which were the highs from the previous sessions.
Chart:
https://www.hotstockmarket.com/forum/thread/82270/int-intertainment-media-tsx-int/80#post_2732230