why is price going up?, page-3

Technically IIN has just broken through resistance at $6.50. This is a cue for technical traders to start looking seriously at IIN with a technical upside of around $8.10 based on the pennant chart pattern.

Of course, many might argue that patterns dont work or are self fulfilling. No worries. Let's assume that technicals are self fulfilling. That means that technical traders such as myself will take a position in IIN upon this recent breakout, which in turn will push the share price up, which in turn will attract attention in the market, which in turn will attract more buyers (investors or technical traders) and the self fulfilling argument comes to be proved correct. So what? The IIN share price goes up, we all make money and smiles all round.

DYOR.