Through its growth-by-acquisition model, ILUS International Inc. (OTC:ILUS) has a main focus on acquiring and developing emergency services and life safety technologies across the world. Despite providing a series of solid updates regarding its growth plans for Q2, ILUS stock is notably oversold and could be a dip buy ahead of its planned catalysts. Currently in talks with an acquisition target generating over $100 million per year, ILUS is a stock to watch as it works to uplist to a major exchange.
Overall, ILUS stock has been stuck in a channel between .11 and .168 for the past several months, The RSI shows that the stock is currently massively oversold. Combining these 2 facts together, it would seem that now is a great opportunity to start a position in ILUS or average down. We can also see that in March in the presence of a strong catalyst, ILUS broke through the channel, this would indicate that once momentum returns to the OTC coupled with a strong catalyst, ILUS could revisit the .21 level for a 100% move from current levels. A break of the .21 level could send the stock on a parabolic run.
Overall, ILUS stock has been stuck in a channel between .11 and .168 for the past several months, The RSI shows that the stock is currently massively oversold. Combining these 2 facts together, it would seem that now is a great opportunity to start a position in ILUS or average down. We can also see that in March in the presence of a strong catalyst, ILUS broke through the channel, this would indicate that once momentum returns to the OTC coupled with a strong catalyst, ILUS could revisit the .21 level for a 100% move from current levels. A break of the .21 level could send the stock on a parabolic run.