$IO is down 6.0 percent today and I am passing on it
That is 12.0 percent off the 7 day high and I still see no edge
Volume is sitting at just 2.1M dollars which makes this order book too thin
I need to see an hourly close and hold above $0.17360 to prove strength
Or I want a pullback that holds $0.15280 and bounces clean
It could keep running without you and a bad entry costs more than a missed move
Chasing $IO here, or waiting for $0.15280
#IO #RiskManagement
That is 12.0 percent off the 7 day high and I still see no edge
Volume is sitting at just 2.1M dollars which makes this order book too thin
I need to see an hourly close and hold above $0.17360 to prove strength
Or I want a pullback that holds $0.15280 and bounces clean
It could keep running without you and a bad entry costs more than a missed move
Chasing $IO here, or waiting for $0.15280
#IO #RiskManagement