Long
IOC Potential long positions
Possibly ranging for the next week in between the s/r and trend lines.
Could try and catch it down at the 360k level (1) or if it breaks up then the break of the upper trend line (2). The safest bet would be at the breakout of the 470k (3)
Targets at 470K and 590K.
The problem is those horrendous candle wicks. Low volume, big volatility. I'm afraid of buy orders triggered by whales and small gains due to large stops.
I will probably only attempt these trades with good volume.
Could try and catch it down at the 360k level (1) or if it breaks up then the break of the upper trend line (2). The safest bet would be at the breakout of the 470k (3)
Targets at 470K and 590K.
The problem is those horrendous candle wicks. Low volume, big volatility. I'm afraid of buy orders triggered by whales and small gains due to large stops.
I will probably only attempt these trades with good volume.
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