when i first looked at IDO i was liking the gaps at 0.74, 0.81 & 0.96 as a possible target.
Now these gaps are coming into view.
yesterday's feeble effort to test 0.55 (Jan 2010 high) had no conviction. If there was ever a day to pressure weak hands to sell it was yesterday, yet no one volume selling occurred.
A mere 24 hrs later they come stampeding back on big volume to drive the SP up 25%.
What's the hurry???
3 year high is $1.16
12 month high is $0.68 (11th May)
IDO Price at posting:
58.0¢ Sentiment: Buy Disclosure: Held