GREY:IVITF - Post by User
Comment by
FarmerInvestor4on Jan 14, 2018 4:29pm
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Post# 27354308
RE:RE:cup and handle
RE:RE:cup and handlegoldman777 wrote: well maybe, the big question is will the sell off continue Monday am. Still lots of profits to come off the table and it can go either way. My gut tells me we see consolidation in and around $1.50 were I will gladly add more. No real news around here until the next license, I think everything is priced in here.
First line one of support is the 20 dma which sits at $1.69. It bounced off that nicely on Friday. So I think it doesn't go below that.
If it does, next level of support is the 50 dma at $1.51. If it goes below that, next stop could be as low as $1.15 ish....
Good Luck
FI4