INNOTEK

Now Innotek is in the consolidation mode. The management did not announce the CD early so as to provide the element of suspense to this stock. Suspect that they intend to keep buying whenever there is a pull back and at the same time to slowly inch up the share price to 0.65 level which is a very strong resistance level. When 0.65 is reach, I think they will announce the CD and that will further push up the share prices until the date. By that time the 0.65 once strond resistance level will become the strong support level. Hope that my view is correct.

Innotek closed lower today but announced dividend paying date... guess the stock will start to go up tomorrow? :blink: