It's only fair to disclose that I own IFLO shares
IFLO was the first stock I ever bought. (I don't own any
right now though). I've watched it over the years, but not
kept close tabs on it. When I started learning TA, IFLO
was one of the stocks I started watching, because I like
the company. I saw this formation of a descending
triangle, but people were expecting good numbers to come
out. I wanted to make sure I wasn't missing something.
IFLO is a good company. Which ever way IFLO decides to go,
it will provide a good education for me, on my TA learning
process.
One stock I am still puzzled on, is ETN. I own shares
in a 401k type account, when I used to work there. I can
move my money from ETN shares, into a money market, and
back into ETN shares, once a day, using the closing price.
It doesn't cost anything to do it also. (Good deal huh).
Right now, I have my money in the money market and watching
to find out what ETN is going to do. Looking at the
Bollinger Bands, on the weekly scale, it appears ETN is
going down to around $86/87. A couple days ago, it gapped
down hard through the support level. The couple days
after that, the old support level, now appears to be the
resistance level. |
