It looks like IMTL may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line IMTL is near a strong horizontal support line. Buyers have previously thought that this was a good deal and bought at this price, shorts covered and sellers didn't enter the market.
Prices typically have a higher probability of bouncing off this level and moving back upward. The company has been chopping around the last few months without a clear directional momentum. So it may move up from this point, but hard to say.
If we get a reversal off of support and Image Protect starts moving up, it can probably get to $0.0001 at which point it'll need to break through that resistance level in order to keep moving higher. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
