This stock showed some bullish move earlier I jumped in at the break of a fractal box on the 27th of Jan Price $10.30 But it spiked up and pulled back But it has not gone down more than needed to invalidate the setup. Hence it is still a good setup and I'm staying in it for now. Targets are $11.30 and $12.60 Goodluck
Chart is set up for a nice 15-20% move on positive earnings
BUY INFN LONG ENTRY 1 3.95 LONG ENTRY 2 4.12 SL $2.00 Take Profit 1 $4.86 Take Profit 2 $5.60 Take Profit 3 $6.12
Bought in at 6.10 gonna ride this till I see some sign of reversal
Judging from previous performance, it almost seems obvious that this stock is due for a pullback. Consistent negative quarterly earnings. Big gap to be filled, and the increase looks like it is due to some kind of institutional accumulation. It is already 88% owned by institutions. Selling 3/4th on the first down day at the close. Following through depending...
INFN is retesting a previous zone which was support before. If this area becomes resistance the price might retrace to $ 11.00
If INFN gaps above 20.59, consider using the Retest Gap strategy. To learn to trade this strategy for free go to www.RealLifeTrading.com
If INFN gaps above 20.23, consider using the Retest Gap strategy. To learn to trade this strategy for free go to www.RealLifeTrading.com
INFN expected to open at 20.28 for a Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com
INFN expected to open at 16.30 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com