Sooo… listening yet? 55k dead cat bounce volume to trade right to the 10DMA.
Remember that the 10DMA had been a major support line in previous up moves. That support is now heavy resistance.
Then the stock was met with 220k sell order at the last 10 mins of trading. Classic. Technical move.
Direction is clear. I hope you are all listening and learning.
Don't hate me. The stock needs to find a price where buyers step in. There is no rational person that would buy this before quarterly earnings given what happened at REKR and ITI. And the fact that there has never been a full quarter of ITS earnings ever been consolidated.
If they were good they would have pre-announced them with the unfavourable Apple decision.
I believe in Todd. #Toddknows