IKTO HAS THE PERFECT SET UP FOR A BOUNCE PLAY, IT COULD HIT DOUBLE DIGIT GAINS ON THE SCOREBOARD
IKTO closed at the day’s high of 0.45, up 2.27%, on higher than average volume.
We like IKTO because of its small float which keeps the movements on the chart under control and minimizes any severe drops in the price. IDCN has maintained its composure in the 0.50’s, hitting highs of 0.57, 0.56 and 0.52.
IDCN moved from a close of 0.51 on Friday, hit a high of 0.52 yesterday and closed @ 0.44. Today it was up 2.27% to close @ 0.45. It is moving along the typical bounce play, picking up the stragglers and stabilizing for another move ahead.
Penny stocks are seen as a less conservative investment and are more appealing to the risk takers in the market. The profit takers usually make a small return on their investment, pack their bags and leave.
The pull back in a stock usually comes off from a strong rally. This is a common pattern with penny stocks which paves way for another run up the charts. The investors who stick around and accumulate even more when the levels go down are the highly rewarded ones. They are the ones that leave the others’ mouth watering. So, anytime there is a good run in a stock, like the one we had with IKTO where after our alert of 0.45, the stock moved up 26% and the volume surged from 17,700 to 540,800, a slight pull back is part of the game. IKTO had a great run last week, closing up 7 days in a row.
We will be watching the volume as new investors come in to play and help to move the stock ahead. The profit takers picked up and left clearing room for IKTO to move through its resistance levels and surge ahead.
The 52 week-high sits @ 0.62 and last week IKTO was just pennies shy hitting a 0.57. We expect the volume to continue building on IKTO which will push it to higher levels giving us bigger double digit gains for now.
The movements on the charts translate into opportunities and IKTO is trading at the perfect level for bigger gains and more accumulation.
Well be pushing for IKTO to settle at the 1.50 mark and the risk takers could be seeing triple digit gains.
IKTO has tapped into a market worth billions. Companies operating on a similar scale to IKTO are getting swallowed up by the giants running the operations.
We previously reported on British Telecom going after Ribbit for $105 million and just a few months back Telefonica of Spain acquired Jajah for $207 million. These acquisitions are a year apart with the price almost doubling ever year. This will become the norm, like when internet giants go after mobile advertising companies.
Looking on the surface IKTO has two tremendous benefits to bring value to its shareholders. It is part of a market that has yet to be fully tapped into and its VoIP technology makes them a significant competitor amongst its peers.
Just check this out and you will understand why a bounce back in a stock is a healthy move that propels the stock forward. Often times investors will sit on the sidelines waiting for the bounce to come before they actually get in and BUY the stock.
We are confident IKTO has the goods to push forward from here.
Just check this out:
Mobile VoIP ‘offers huge potential’
The use of mobile VoIP technology could grow dramatically over the next few years, according to an expert.
George Van Horn, senior analyst at market research company IBISWorld, said that as a high number of broadband connections in the next few years will be mobile, it is likely that the technology could be widely used.
Recent figures from In-Stat revealed that the total number of mobile VoIP users will reach 288 million by the end of 2013, with half of those expected to be linked to online mobile VoIP providers.
Discussing the research, Mr Van Horn said: “There is huge potential for the widespread introduction of mobile VoIP in the outlook.
A study published by IBISWorld at the end of last year revealed that VoIP enjoyed the strongest accumulative revenue growth of any IT industry during the last decade.
http://www.maintel.co.uk/news/1527-Mobile-VoIP-offers-huge-potential
If you have been sitting by the sidelines do not sit out for too long. The difference between double digit and triple digit gains is just the timing. Accumulate when it makes sense. IKTO has traded on a good pattern. It moved higher from yesterday by 2.27% on solid traffic in volume. IKTO is a cheap BUY at these levels, mobile giants are fishing for companies like this.
Please remember to do your due diligence on IKTO.
