Iomega Corporation

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Tuesday, July 11, 2006

To All traders :- good chance to book some profits

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It hit 639.18
And came down.
But there is still heavy push Upwards.
It just now hit 639.28 (good moving happening)

If it goes Around 635 (that would be $4 down from the curren High it went - 639.18) - Close half/all your positions, it will then take a Dip towards 630 level we assume, where it mantain a good support too.
Already RSI is very High.
So chances are near for a dip

If i were you i would keep my Stops now at 635 level range. And sleep.

Atleast Book your profits, then losing your chances.. Thats my Key to you. And then enter again at dip.

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