INAQ update - plot buys across the wicks on the trendline
Bullish on INAQ and scaling in gradually to this SPAC under $14.
I like SPACs between $10 - 13 as there is very little downside but a lot of potential upside just before the ticker changes.
Looking at this chart my plan is to keep scaling in according to this wicks on the diagonal trendline which are like clockwork.
So next buy would be around 12.90 tomorrow - let's see if it pans out. I'm going to trade off this chart until the pattern changes, most likely that'll occur the closer we get to 13.5 which is the most significant local resistance.
Once INAQ breaks 13.5 I expect this to soar and be at $16 quite quickly. This can all be invalidated by a sell-off near that level or at the resistance. In that case, I will re-evaluate and look at support levels.
But classing this one as an 'investment' not a trade (until ticker changes over). Of course, do your own research and always know what type of trade you're taking before you enter in.
I like SPACs between $10 - 13 as there is very little downside but a lot of potential upside just before the ticker changes.
Looking at this chart my plan is to keep scaling in according to this wicks on the diagonal trendline which are like clockwork.
So next buy would be around 12.90 tomorrow - let's see if it pans out. I'm going to trade off this chart until the pattern changes, most likely that'll occur the closer we get to 13.5 which is the most significant local resistance.
Once INAQ breaks 13.5 I expect this to soar and be at $16 quite quickly. This can all be invalidated by a sell-off near that level or at the resistance. In that case, I will re-evaluate and look at support levels.
But classing this one as an 'investment' not a trade (until ticker changes over). Of course, do your own research and always know what type of trade you're taking before you enter in.
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