Stock On You

This article isn't about Lionel Richie's song or about a stock that got stuck. It's about the stock that I think has the technical characteristics and patterns that bode well for a possible price appreciation. It's about recommending something that has neither occurred nor been valued by a select few. This article is about sharing what I think will benefit the public. In short, I’m putting my ass on the line.

All investors subscribe to particular sets of standards and conform to some form of discipline in buying or selling stocks. Most are into fundamental analysis; I'm into charts. I disregard all fundamental aspects and news that surround any stocks. I'm a trader thus I’m into trading stocks, not buying companies' stock. My recommendation is based purely on technical analysis. Nothing more, nothing less. I don't know what iVantage does, I don’t know who manages the company. I know nothing of its book value or of its cash flow. If this scares you then good because it just shows that this article is not plain hype on the said stock. I have no personal interest in it at all.

Being an illiquid stock for quite sometime, it's a problem for investors to include iVantage in their portfolio. There are days when this stock is not traded at all. My interest though is not whether a stock is illiquid. Every stock has its own day, its own glory, its own call. Stocks do sleep and rest. It also has its own time to awake.

I disregarded the daily and weekly charts to filter the noise created by iVantage's lack of transaction on some trading days. If you can't monitor this stock, then don't trade it.