Support Level 1 0.0091 Support Level 2 0.0051 Support Level 3 0.0001
DeMark Price Range Projections High / Low / Mean 0.0161 0.0071 0.0116
Analysis of the intra-day suggests retracement to the 50% Fib level of the seed low on 7/25 and the seed high on Friday. A solid recovery and subsequent loiter near the 61.8% Fib was a solid, positive indicator for further upward movement. One flipper at 3:41PM (10M shares) exited the action till Monday, but clearly there was no sales initiative beyong normal profit taking. Volume leads price, thus I expect further wind beneath our wings on 132M shares traded Friday if there is no negative information. On the contrary, I expect IGTN to be listed on several market stock watches for Monday, and should attract new buyers.
IGTG - Ingen Technologies, Inc. | Stock Discussion ForumsShare
IGTN is listed on the REG SHO listing. Without stimulation from the IBDaily or other stockwatch, without volume, naked shorting could drive us down. Be cautious and if you are green play with money makers, not cost basis shares.