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INAR - tag category postings

Penny Stock INAR is Positioned in the Middle of a Large Trading Range

Saturday 22nd of August 2009 08:31:42 PM

A trader friend of mine pointed out INAR to me the other day. After he first mentioned it I looked at it only briefly and concluded that it needed to do some more work after the initial early August breakout type move on huge volume. But now I am looking at it a bit closer and this penny stock might have some potential.

It appears clear from looking at the penny stock chart of INAR that the big spike rally in mid May was preliminary demand. Then we saw a sell off and a retest of the .001 level which INAR was completed successfully. Price was able to hold the double bottom without breaking down below.

Now we are seeing another attempt at a rally on huge volume. After the volume and price spike after a week ago INAR has settled down into a small sideways trading range.

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2009/08/22 | Penny Stocks - Sub Penny Stocks | No Comments »