IPCI Bullish bounce off strong trendline

3 Ara 2016

It appears that IPCI is starting a nice reversal bounce off strong trendline. The small channel I have created in purple is based on previous price action. There is talk in news of potential partnership....of course, if that happens there will likely be a strong volume/price move potentially through resistance. It goes without saying, but there are no guarantees here, but there are some good TA reasons to be bullish.

7 Ara 2016

Not

Welp...it didn't go as I thought it might. It dropped out of trendline and depending on news we may have a ride south for a bit. I see strongest supports at 2.65 and 2.45.

9 Ara 2016

Not

Back in action...doing as it "should."