If you watched my posts closely, you would find out I bought ISON twice at 2.8 area and sold at 3.2 area. But this time I will wait and see what happens. I admit this company does have a great next-generation product and its potential and prospects looks phenomenal. However, its chart looks bearish at the moment and MACD&Stochastics keep knocking at the bottom range with no sign of recovering. Once a stock is solely relying on PRs to attract some buying in order to maintain its support level, you know there will be most likely more downsides ahead. So my advice is keep a close eye on its support at 2.8, if it breaks this point, it will probably resume its selloff and I'm looking an re-entry point at 2.2-2.3 if that is the case. Hope it helps. Good Luck!
3 Comments:
Looks like a great site. I'm watching it closely.
What do you think of ISON?
If you watched my posts closely, you would find out I bought ISON twice at 2.8 area and sold at 3.2 area. But this time I will wait and see what happens. I admit this company does have a great next-generation product and its potential and prospects looks phenomenal. However, its chart looks bearish at the moment and MACD&Stochastics keep knocking at the bottom range with no sign of recovering. Once a stock is solely relying on PRs to attract some buying in order to maintain its support level, you know there will be most likely more downsides ahead. So my advice is keep a close eye on its support at 2.8, if it breaks this point, it will probably resume its selloff and I'm looking an re-entry point at 2.2-2.3 if that is the case. Hope it helps. Good Luck!
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