When I posted this previously, the blue support had just met its first touch after IM had broken through the white support and turned it into a level of resistance. Shortly after, prices pushed back towards the white resistance, and came back down to the blue support level of 14.66, yeilding a nice opportunity to play the trading range and make profits in both directions. IM has since made a nice rally and risen back up to the white resistance.
With markets widely down today, it will be interesting to see how the stock reacts at these levels.
Krames
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