Long play for INPX waiting on earnings. Divergence in the RSI, possible double bottom at $1.10. Huge upside potential with a lot of positive headlines lately. Tremendous risk as well, given the past performance of this stock...
Price has taken the 50day ema, which is the first time in a long time. Price is presently forming a support on the 50ema. You can also see that it is testing the bear trend and the yellow candles are showing an aggressive entry. Next resistance level should be around $0.90 which is 200% up from here.
it brakes one support on the daily but have another to go. There is also a 50% retracement for the up side. plus the company also has to get there price above $1:00 of at least 10 days by Nov 13, 2018.
November looks like it will be an interesting month for INPX. The current trend points to a potential convergence of a golden cross in the middle of the month. Whether or not it plays out is a different story. The lines appear far apart, but given the price action of INPX this would not be an unwarranted move at the end of the year especially if Q3 earnings show...
Junk Stock, I'm thinking about a pop will come in the next few trading days. This is more like a gamble, so trade in a small amount and do your own risk management.
Expecting a 2x gain on this.
You can see the company has the biggest volume probably ever, or in a long time at least. It is shorts covering. They revealed the previous day that they would be divesting from their VAR project, which accounted for 93% of revenue. They just diluted shares signifantly, then did a reverse split. They even tried a vote in December, which failed, so had to hold...
A close back above the 50 day EMA could mean the bulls are finally back in contorl. Looking for a pre-earnings spike to $0.60 with resistance on the way @ $0.50. Stops could be placed below support @ $0.41, $0.39 or $0.37 depending on your risk tolerance. Watch List @ TraderPix.com
INPX seems forming a flag formation. It had a big rally with huge volume suddenly from no volume earlier. We are keeping an eye for flag formation.
Please check back for Trade updates. (Note: Trade update is little delayed here.)