IDTI - help me analyze it

Discussion in 'Technical Analysis' started by gabe, Apr 14, 2007.

  1. gabe


    if price follows the channel it should go up to about 17, but using the triple top the price target is about 13.

    what am i missing here?

    thanks in advance
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  2. Seeing as there has been a consistent decrease in volume since about January and the MACD looks ready to head up, seems to me like a pennant is forming and you will probably start to see some consolidation around $16 or so at some point maybe in a month or so.

    After a conslidation period, I would look for volume to begin to rise and then be ready for a quick break up or down. Unfortunately, it does look like a triple top however so I wouldn't be surpirsed to see a break to the down side.