ICX is on a downslope and is currently riding our lower bollinger band. RSI should be below 30% if it can reach our next support level and 12hr Stochastic RSI is currently at zero with our daily Stochastic around 20%. I set a long position (25% with a 3.76 ratio). The reason for the short stop loss is in case this boll band slope turns into a black diamond giving an opportunity to stop loss around 6% and then enter back in at the very bottom on the next support line. MACD should also be ready to reverse if we can, again, reach that support line at .0055. In addition, we still have the IISS launch tomorrow so hopefully that will give it a solid bounce off that support level.
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Pretty much in the buy zone right now. 12hr stochastic has been dragging in the mud. I think it even dug a hole in the ground by now.
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.005 is stop loss.
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New stop loss is .0052 because we are sitting right on top of the 200ma. This is the only support at this point so if it breaks this then 200ma becomes resistence.
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Well someone or some group wanted to get this thing moving I guess.