This stock showed some bullish move earlier I jumped in at the break of a fractal box on the 27th of Jan Price $10.30 But it spiked up and pulled back But it has not gone down more than needed to invalidate the setup. Hence it is still a good setup and I'm staying in it for now. Targets are $11.30 and $12.60 Goodluck
Chart is set up for a nice 15-20% move on positive earnings
BUY INFN LONG ENTRY 1 3.95 LONG ENTRY 2 4.12 SL $2.00 Take Profit 1 $4.86 Take Profit 2 $5.60 Take Profit 3 $6.12
Bought in at 6.10 gonna ride this till I see some sign of reversal
Judging from previous performance, it almost seems obvious that this stock is due for a pullback. Consistent negative quarterly earnings. Big gap to be filled, and the increase looks like it is due to some kind of institutional accumulation. It is already 88% owned by institutions. Selling 3/4th on the first down day at the close. Following through depending...
INFN is retesting a previous zone which was support before. If this area becomes resistance the price might retrace to $ 11.00
INFN expected to open at 16.30 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com