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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