YusufS

ICLD Revenue Hype play

Long
NASDAQ:ICLD   None
Former runner after the CEO announced that this year will be a good year of revenue and reform. He also mentioned, how ICLD has reduced debt into the close of 2015. The CEO here is hyping the shareholders after this junk stock has been crushed quarter after quarter. This can spike again and there is dip buying volume as i point out. TradingView doesn't receive small cap stock quotes so the chart is choppy, use your brokerage platform.

Long at .70 with about a 2 cent mental stop loss. Now my target here is aimed for .84 cents which is where all the shorts were entered, so I'm assuming either one of two things will happen. Either we lose against the resistance in the mid .80s or we overcome it and we see a short squeeze to the next exit: 1.00. Swing trading this for hopefully at most two-3 days. Not going in with a large position because im trying to capture a volatile and large range move. Good risk reward and good profit opportunity here.

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