Large amounts of accumulation over the past few days on this one. Up 40% today already with some consolidation around the .68c area. I expect this to hit PT1 today but with oil running like it is it may not get the volume to hit PT2 until tomorrow. if we get a break of PT2 tomorrow and oils have shit on themselves like I expect sometime in between that time we can see an easy break of $1.00 and a run up to 1.20+ area.
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Pennant forming and looking to break very soon on this one.
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Holding tight to that .6 - .65c area AH. Looks like a lot more accumulation going on. Will be following my same plan tomorrow by looking to profit at my PTs and buy the dips after. IDEX will be looking to regain compliance so I expect more PR like todays. I believe the only reason this did not go today was because of so many parabolic tickers that had everyone's attention.
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Closing in on the 1.20 zone PM. Already sold portion of my position and will let the rest ride. I will look to sell the rest around the 1.60 area.
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looking for a break of the 1.15 resistance.
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Volume moving in for another push over the $1 mark. After that It should move to HOD and with some volume push past the 1.15 res. to the 1.20 area. I will adjust PTs to 1.50 mental resistance and then to 1.64.