Energy stock takes time to become one that shows appreciation, is this a break out from consolidation based of $0.375 ? not bad as it make 25% profit ! which X/8 should it drop down to? or buy when in lower of ATR . another possible 25% gain to make total 50% in one year.
Unbelievable little beauty, how could I missed its cup and handle period not so long ago? only if i know Tradingview .com a bit earlier? since then , it gained 25% in its march to first stop , then another 35% to is present price. would it make double in the end of the year?
In the present volatile market, ILU shows amazing volume of buyers interested in this stocks , after decent consolidation period , it broke north from $9.50 based and now formed a pendant flag at $11.45, never mind the selling pressure, there is ample buyers out there willing to push it up to $13.00 , just beware of its volatility and average true range before...
This is a pulled back from the recent low and in line with the support level from the same time last year, what's ride ? upside to $15.50 if this momentum is carry on and break through the resistance , otherwise will drop down to its previous low to form double bottom. wait for more signal confirmations.