We have been in IOC as a long trading position for a while, based on capitulation and a base forming after. I don't know how far IOC can go, but I still like it as a long and a long that hs little market correlation. Right now IOC looks like it is VERY close to a stage 2 cycle (mark up of price)/
IOC Daily chart with the end of a decline via capitulation; a stage 1 base and it looks probable we are entering stage 2 mark-up as volume has been increasing above the base.
Our X-Over system has also confirmed a buy, you can see the last price cross over was a false signal as the other 2 indicators didn't agree.
The Trend Channel has also began a trend on a daily chart, the current stop is at < $52.75 on a closing basis.
30 min Leading positive divergence, you'll notice most divergences start or become more extreme as of a head fake move to the downside which is also an excellent timing marker.
15 min chart leading positive divergence.
IOC 5 min leading positive with a slight negative, I assume there's some profit taking at what many view as resistance.
1 min shows there is a slight negative intraday, but very slight, again I think it is resistance based.
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