ITA has been in a downchannel even before invasion. It only overshot during invasion to make an ATH @113.37. Since then, it made an ABC corrective wave & came back down to retest channel base near the 93 zone.
BULLISH CASE: it bounced after retesting channel base @93 but was stalled by ma50.. 93 is a VOLUME PROFILE zone & is the Fib 0.382 retracement level. It is...
Should have taken some profit off the table yesterday :( Instead will load up when 1 day RSI hits 50. Still has more room to run, and for how many multi-million dollar contracts this company receives (which seems like a daily occurrence). Buying more than selling.
