Here are a couple of charts of IIJI which I was watching all day. Right from the open I was thinking that the gap would be an exhaustion gap. This stock has gone more than parabolic (hyberbolic?) this week so I was thinking that the general market weakness along with the round number resistance of $10 would be enough to cause it to drop. It took all day but sellers finally stepped in.
Here’s the daily chart which shows the shooting star it made today:
The intraday chart shows how the music stopped right at 3:15 :
This one should be interesting next week.
It certainly was profitable with an entry of 9.10 and a close to high exit of 10.16. Where is your wish list again? :0
Nice catch Karin!