Friday, February 28, 2014
Closing IOC Trading Long For Now
I still like IOC for a longer term play, but I think a pullback is likely, here's why I still like it.
Longer term charts show a base formed up like this 30 min positive.
Why I want to exit for now...
Charts such as this 15 min are showing high probabilities of a decent pullback.
As is the 5 min chart.
I'll set some alerts for the $54-$56 area to look at a new trading long position.
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