IOU has been on my watchlist for the long term now. It was traded on sideways for past few months. Suddenly it has more volume than normal time. This stock has pumped well in the ASX stock Facebook group. That's how it has all the attention now. If there is good news coming up next Monday it's will be a good sign to jump in otherwise it will be risky to jump in. All the trader I believe join in 0.019- lower than might gonna sell-off, then it will be falling down. Watch out on Monday for news.
Hi thanks for the post. It is true that it's overbought. I think what would help if the time frame is made large and to use daily. It has currently broken through resistance and may pop higher on Monday on momentum. Certainly it will need a rest at some point, when that come is anyone's guess.
amjewel
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@Bipolar_trader, I hope it's not gonna be same as BRN. It has too much hype at this moment without perspective news. If the seller decided to sell off their position it gonna break the initial support line. I hope on Monday it has come up with good news otherwise falling down at the same speed it was going up.
Bipolar_trader
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@amjewel, momentum in play. anything possible. lets see.