IDT seems forming a fallen angel formation. After a huge decline, it is showing some strength now. It crossed above EMA lines & moneyflow is accumulating. We think it has decent upside potential.
* Trade Criteria * Date first found- April 4, 2017 Pattern/Why- Fallen angle Pattern Entry Target Criteria- Break of $13.04 Exit Target Criteria- $15.17 and $16.13 Stop Loss Criteria- $2.27 and $11.93
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Trade active
April 5th - Nice upward move with higher volume, and hit entry price today. Looking very good as long.
Comment
April 10th - Very nice 3.94% gain today, with huge volume. Looking very strong.
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Strong uptrend continued with another 3.4% gain today. Updating stop loss criteria to $13.13
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April 12th- updating our stop loss criteria to $13.23
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