Might be looking at an elliot wave pattern in $INXN
My price target is 7.79% and I have my stop loss at 24.43. With a risk/reward ratio of 2.
All my indicators contradict my current position. gives a sell signal. is in a downtrend and the price is under the 50 .
BUT an pattern is beginning to form, the price is at its support with not much force to go downwards and finally an pattern formed! These are the reasons I am long this stock.