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ION 93.0¢

The fall continues

  1. AlphaCenturian

    10,543 Posts.
    As posted last night though under the wrong circumstances...

    Since the 4th June almost every inicator on ION has been dropping like a rock.

    Most immediate support here looks to be $2.45 then $2.00

    Above average turnover for this stock during that time to looks to confirm some serious distribution.

    $3.18 was the high and a 61.8% retracement should see $2.44 - $2.45 provide a bounce.

    Down another 13c this morning to $2.52.

    Any thoughts ? Seems a sound enough stock. Why the selloff ?

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