ITD : A move to 5.5 looks increasingly likely
August 1, 2011 Leave a comment
The long term chart of ITD on the monthly time frame gives 5.5 or so as the target for the stock, with some chance of an overshot to 6 or so.
Now it’s obviously not going to rally to such heights in a singe day, or week, but during 2H 2011 it should at least get to 5.5 in our view.
First decent support at 4.4 then in roughly ten satang increments on down t0 4….. but we doubt it will fall that far.