It would be good for INTTo churn in the 1.07 to 1.30 range for a while and get the chart looking a bit more attractive.
The MA50 is now at 1.065 and two resistance lines are the 1.15 and then the MA20 at 1.30
RSI levelled off at 45 today, but MACD and Full Sto are still heading down.
With only two days left in the trading week, the trading should give a better direction going into next week.
Breaking through 1.15 would allow for a nice trade to the 1.30 area, so you could see a push to get it through by the MM's.
All in all, the stock held its own after the flush this morning with no real pressure to test that 1.05 level again today.
On the sidelines right now, but watching the indicators closely.
Happy Trading all,
Mediascan