IPIX Corporation Formerly known as Internet Pictures Corporation (IPIX). The Group's principal activity is to provide mission-critical imaging solutions for commerce, communication and security applications.
Let me show you a long term price chart of IPIX:
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=156;image)
No mather how many charts I see I still get amazed about a move like the one that happened on IPIX about a year ago: the stock went up 13 times in just 13 days :o
But, a man can't live in the past, and not in the future, remember that. If you can do something, you can only do it at one time: now !
And now we have a promise of a double bottom in IPIX. Of course, that double bottom isn't confirmed yet, but through the years I've learned a few little things about a stock's behavior ...
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=157;image)
... and I'll give you this clue: if a stock is coming down and volume is increasing, that's a positive divergence. That's what happened in point 1 in the chart and the stock rallied. Then, slowly, it came back down again, roughly to the same level, but now with much less volume (point 2). This tells me there's less selling pressure at that second «valley».
With less offer IPIX is starting to climb slowly and volume has picked up yesterday. It's now fully ready for a jump, I believe. And if I think a stock is going higher I must put my money to work on it.
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What is your thoughts on IPIX? It is now at 2.67 and has been sliding slowly on low volume over the last few days.
Thanks
A Thakinu
A close above the 50 MDA would to be a nice bullish sign. It has tested it many times since November and can't get through. Today's Opening Marubozu candlestick suggest bearish continuation. Also my stochastics crossed downward today. I don't have a postion in it.
50MA is broken on high volume,
insider have bought shares on 13th & 16th of May:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3466822
&
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3468991
should be in the mid 3 range soon
Great move up today with the close above 50 MA. It could be a good entry time with a confirmation tomorrow. I hope to take a long postion tomorrow on strength or strong close.
... and I believe that's just the start. A man must know when he's wrong, when he has to take a loss. Altough I spent some time losing a bit on IPIX I never felt I was wrong because the stock didn't go down further, just rest a little on the floor. Now it seems she's up for the sky !
... I've got. Yesterday the stock rest a bit with lower volume than on the big white candle day. This is bullish behavior, holding the $3 level on close. IPIX can shot up again today, we'll see about that.
... this chart is amazing. Starting to hope my profits will grow to the moon on this one. 8)
Hi everyone. I'm new to this board and relatively new at looking charts.
David, what is your short term goal on this one?
... I welcome you !
Tomorrow I'll make an update on IPIX.
Have a nice day !
... to be reached next week on IPIX. There will be a big battle from bulls and bears to take control of the stock. But for a battle to take place opponents must confront and the battlefield is set at $3.74 a share.
Like I said the battlefield is just at $3.74 so I'm still waiting for the fight on IPIX. The fact that the stock is moving higher with less volume than the last time is not bearish, but bullish. As I've explained on the first post it is a caracteristic of double bottoms that the second «valley» has lower volume than the first ... initially the stock rises not because of an increase in demand but because of a decrease in supply. IPIX should continue going up on low volume until bulls notice it and then we'll have that long, white, beautiful marubozu we're waiting for.
IPIX pulled back today with lower volume and recovered from a loss of 7% to close unchanged. Tomorrow we'll probably have a lower open. I wonder when will that strong volume enter IPIX ... I'm holding the stock until the battle I expect at $3.75 or sell if we get a close below $3 which I don't think it will happen, not with the current technical info.
3.12 $ price is going down slowly, any comments?
I have a comment: you shouldn't take conclusions out of intraday data.
Good trades la-onda !
$3 shall provide support for IPIX before a new advance takes place.
I guess I've been wrong in my analysis of IPIX. I had an open profit of about 18% to now see it come back almost to my buying point.
$3 couldn't hold IPIX. But $2.9, which is also a support and my entry price, did hold the stock. It's ok for the stock not to go up, but it's not ok to let a profit turn into a loss. So if the stock is set to close (note that I say close, I don't like to make trading decisions based on intraday data) below $2.90 I'll have to cut the losses and look for another speculative venture.
$2.9, my buying price, is providing support to IPIX. We'll see if that's enough to ensure the expected rise. If not, what can a man do but to run his business as usual and take a small loss?
But, as I said, only the closing price matters ... too much money is lost on the market from precipitation.
I don't want to think too much about this, IPIX came from a profit to a loss in my portfolio, I will sell the stock tomorrow.
hi david, isn't it just a little bit too early too sell? IPIX seems to rest on the MA(50) now. Could reverse from here + decreasing volume on the recent setback + not much of a downtrend left on a 60min charts (MACD) nor on de weekly chart(MACD)
Just my opinion. Probably i will be wrong ...... again
PS: could you explain how to insert a chart ?
On «Additional Options» put the chart in attach (.gif is good).
Referring to IPIX, maybe you're right but I have to sell as a matter of discipline. I believe you're right and I'm pity I have to sell IPIX (I love that chart so much :'(), but rules must be followed or I might get lost in the market. It is very easy for a man to get lost in the market but it is very difficult to find his way back.
Good luck fred !
I liked this chart... bought 3k shares at 3.01 and sold at 3.25...
I think eventually it will re-pop, but I'd be looking at 2.75 or so as a buying point.
test
hopepelyhoup david, as we speak we are turning very green on IPIX.
What would be your target?
THX fred
I wasn't around to see it but unfortunately I sold at the open @$2.88 as promised. Good luck with IPIX Fred !