ITG- Long at the break out of Flag formation, from 20.13 to 23.8

ITG seems a possible Flag formation. It also broken out a descending triangle. Moneyflow was diverging & now well in the positive zone. We think at the Formation of the Flag it can go up to 24 area.

You can check our detailed analysis on ITG in the trading room/ Executive summary link here-
www.youtube.com/watch?v=Ewm9xNWn...
Time Span: 7:10"
Trade Status: Pending

Comment:

Relevant Updates:
January 18th- Nice 2.96% gain today, looking very good. updated our stop loss criteria to $19.43

January 11th- Went up 1.67% & closed above EMA lines, looking good as long.
January 4th- Nice upward move, looking very good as long.
January 3rd- Went up & closed above EMA lines, Seems getting back its strength.
December 23rd- Back below EMA lines but still in the positive zone. Wait & see situation.
December 21st- Made a higher high & closed above recent resistance. Looking good as long.
December 20th- went up huge 3.14% today with good volume. Looking very good as long.
December 16th- Consolidating just above opening price, and volume is really increased. Seems waiting for strong breakout.
December 13th- holding above its MA support well. Updating our stop loss criteria to $19.23
December 8th- After some wait the flag played out with a bang of 5.9% upward move. Breakout supported by good volume & closed above entry price. Looking very good as long.

Comment:

January 30th- Declined below entry price but holding to MA50, wait & see situation.