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Oversold?

June 16th, 2011 · 2 Comments

You betcha!


You have to scroll down for the chart to avoid the collision course with the advert, but this is getting out of hand, an RSI in the low 20s, a bounce is imminent..

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Tags: IOC · Technical Analysis

2 responses so far ↓

  • 1 kencooksam // Jun 17, 2011 at 12:41 pm

    Trans poster yahoo..Interesting T/A on IOC 16-Jun-11 05:15 pm Checked back 5 yrs using MACD, took major IOC declines, the bottoms had similar exaggerated (below -5 MACD on my system) moves lower. There were three in this category, mid 2007, late 2009 and mid 2010 with lows of $18-20, below $10, and $44 area last June. The real turning points higher in IOC was where the MACD turns higher, but on a rollover again move lower in IOC price, the MACD DOES NOT move down to previous low as the IOC price turns lower again. Right now, the MACD is acting quite similar to those previous important low areas. That was also the final price lows from which big price recovery took place. Check it out.

  • 2 N // Jun 17, 2011 at 9:13 pm

    IOC, whata dissapointment! i think the bottom is gonna be low 40s, great time to buy now before IOC enters commercial production in the next 2 years. glad i cashed out @ 71