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~