Hello Fellow Traders,
The stock (INSY) has arguably caused an epidemic of media notice lately (Rap videos, 70 - 73% depreciation in price in one day, bankruptcy speculation, etc.) This would manifest a pivotal example to have price manipulation and various other tactics can protrude a company to remain in the public's eye for quite a duration. Always ( I repeat ALWAYS) before due diligence prior to investing in any corporation/company, (Your OWN Due Diligence). To those who initially invested in this company, my deepest condolences.
Resistance Level 2 - (33.00 - 34.50) 1.50 cent interval
Resistance Level 1 - (14.50 - 16.00) 1.50 cent interval
Key Price Zone (KPZ) - (6.25 - 7.50) 1.25 cent interval
Support Level 1 - (0.00 - 1.50) 1.50 cent interval
Furthermore, considering the prevalent sporadic movement in price, i would highly advice caution in taking any position at time point in time (even if short).
-LionGate
The stock (INSY) has arguably caused an epidemic of media notice lately (Rap videos, 70 - 73% depreciation in price in one day, bankruptcy speculation, etc.) This would manifest a pivotal example to have price manipulation and various other tactics can protrude a company to remain in the public's eye for quite a duration. Always ( I repeat ALWAYS) before due diligence prior to investing in any corporation/company, (Your OWN Due Diligence). To those who initially invested in this company, my deepest condolences.
Resistance Level 2 - (33.00 - 34.50) 1.50 cent interval
Resistance Level 1 - (14.50 - 16.00) 1.50 cent interval
Key Price Zone (KPZ) - (6.25 - 7.50) 1.25 cent interval
Support Level 1 - (0.00 - 1.50) 1.50 cent interval
Furthermore, considering the prevalent sporadic movement in price, i would highly advice caution in taking any position at time point in time (even if short).
-LionGate