INFN - Still a pretty good buyThis 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
INFN
Intuition Trade PlayJudging 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 on price action