*** INCT Trading Strategy ***

Categorized | Stock Newsletters

* INCT Trading Strategy *

Posted on 25 August 2010 by admin

Good Morning!!!!! I am feeling super pumped today that I finally brought out INCT - Innocent, Inc...last night. I really think this one is very cool and is going to be great for us.

It's exactly what a lot of you have been asking for, so I hope you like it.

Now how are we going to trade this wild animal?

Disclaimer: Any trading strategy given is merely the biased opinion of an unlicensed amateur. Do your own research, consult with a professional, etc.

INCT has an amazing chart right now. It's clearly in an uptrend, and the candlesticks are floating beautifully above the 20 day moving average.

You gotta love that ;-)

The similar lows of the day over the past few days give us a fantastic location for a stop loss.

I think somewhere between 98 cents to 1 dollar is a good way to go. That's one cent below various lows of the day over the past few trading days.

If you want to play it looser you could put your stop at 90 cents, below the low of August 18th...but I think 98 cents to a dollar will make this a very appealing trade with minimal downside and a really huge upside.

INCT's 52 week high is $1.50 so if it heads back that way that gives us an upside of a little under 50%. If our stop is at $1, our downside (based on yesterday's closing price) is only 6%.

INCT's chart is red hot so I think they're ready to run, and they trade on low volume so the move COULD happen quickly.

Set phasers to kill and lock on INCT!!!

We'll recap after the close,

PSA - Penny Psycho

www.pennystockalerts.com

Don't invest based on what I say, do your own research and consult with a licensed professional before investing, and only invest what you are prepared to lose.

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