Since I entered into this position, ITP has formed a downward wedge .
I updated the key fundamentals on the chart and they are pretty much the same with some small minor changes , mostly positive changes.
ITP is approaching to a key deciding factor as it has formed a very nice downward wedge , meaning it is likely to run soon if it can break the wedge up .
Based on the updated technicals and updated fundamentals , I made the decision to cost average and buy some more in the hopes and expectations that there is a statistical probability this will break its downward wedge up.
Stop loss stays at 0.4, which is slightly under the point of the wedge incase it breaks down. As a caution , if it does break down , it has no support and could fall quite considerably. I think that if it does run up I would hope for taking profit around 0.6.
Good luck .
I updated the key fundamentals on the chart and they are pretty much the same with some small minor changes , mostly positive changes.
ITP is approaching to a key deciding factor as it has formed a very nice downward wedge , meaning it is likely to run soon if it can break the wedge up .
Based on the updated technicals and updated fundamentals , I made the decision to cost average and buy some more in the hopes and expectations that there is a statistical probability this will break its downward wedge up.
Stop loss stays at 0.4, which is slightly under the point of the wedge incase it breaks down. As a caution , if it does break down , it has no support and could fall quite considerably. I think that if it does run up I would hope for taking profit around 0.6.
Good luck .
艾力克~
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
艾力克~
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.