MY: Itronic Analysis 10.01.24Already break resistance 0.05. Anticipating a long position from current price 0.08.
tried to enter at 0.065 but didnt manage to get it. Awaiting some retracement to buy. Since this is super penny stock, utmost cautious need to be observed. Not suitable for low-risk investors.
P/s: Not a Buy/Sell call. Please due diligence before enter any trade.
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ITRONIC trade ideas
Trading Plan using Harmonic Pattern and Fibonacci on 4/7/211. Weekly TF show major uptrend (yellow line)
2. In 3Om TF was found Deep Crab pattern and point B near 88.6%
3. My Trading Plan if break for point B is my EP and CL at point A
4. Using Fibonacci retracement point X-A to get point D at 161.8% for my 1st target.
#swing
#TrailingStopLimit MYX:ITRONIC
Itronic ready for a technical rebound?Itronic, Major correction after 5 waves impulse.
major correction pattern ABC ZigZag and at the moment has retraced up to its usual limit of 161% of Wave A.
Im expecting at least a technical rebound from here.
if price can break 0.265 resistant, it may trend higher to 0.285 / 0.305 / 0.365
ITRONIC has successfully performed a breakout!After successfully performed a breakout from triangle pattern last Friday, Itronic is on a perfect platform to continue an uptrend movement. Next immediate target is to break the resistance at 0.205. If it manages to do that then it is possible that it will break the resistance at 0.220 too.