Innotek

Innotek – [ Continuation Of The Uptrend? Too Late To Chase? ]

Kelwin & Roy Innotek , , , , , , , , , ,
30th June, 2021, 7:00 AM

Innotek – [ Continuation Of The Uptrend? Too Late To Chase? ]Innotek 30th June 2021

Chart Source: Poemsview 30th June 2021

Innotek was a stock that we spotted since early April when it was just trading at $0.77. Since then it has rocketed over 30% and gradually retraced. It has been good to us as we have been alerting our EXCLUSIVE CLIENT several times  over the last 2 months and all have seen positive results.

And over the last week, we have seen how Innotek held up well despite the weaker sentiments in the overall market. As such, we decided to alert our EXCLUSIVE CLIENT as in the text above. We’re glad that our first target has been met and it does look like momentum is building up. Volume is increasing but it has to overcome that downtrend line that we drew and we might be able to see $0.98. Our upside target is at $1.01 and there could be some meat left for this trade.

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Yours

Humbly

Kelwin&Roy

Innotek – [ 9% Rebound In A Week, Will It Challenge the $1.04 High?]

Kelwin & Roy Innotek , , , , , , , ,
24th May, 2021, 7:33 PM

Innotek – [ 9% Rebound In A Week, Will It Challenge the $1.04 High?] Innotek 24th May2021

Chart source: Poemsview 24th May 2021

Innotek a nice uptrend stock which we caught back in April had a healthy profit taking in May which presented a nice opportunity to scale in. We saw a nice rebound since last week when we alerted our EXCLUSIVE CLIENTS . It was just trading at $0.895 at that time.  Since then it has rebounded about 9% to a high of $0.98. It looks like it might challenge the $1 round number resistance very soon and breaking that might see it move higher to the $1.04 previous high resistance. Profit taking might start to come in as traders who were stuck around that range might want out.

We were busy the last few week preparing some charts and analysis for our clients hence the reduced in posting. We’re glad we’re seeing a nice rebound for most of the stocks which we will be sharing very soon. So stay tuned!

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Yours

Humbly

Kelwin&Roy

Innotek – [ Will The Uptrend Continue? Late In The Trend? ]

Kelwin & Roy Innotek , , , , , , , ,
15th April, 2021, 7:16 AM

Innotek – [ Will The Uptrend Continue? Late In The Trend? ]

Innotek 15th April 2021

Chart source:Poemsview 15th April 2021

Innotek is a precision metal components manufacturer serving the consumer electronics, office automation and mobility device industries. MSF’s three business units – Precision metal stamping, Tools and Die design and fabrications, Integrated Processes and Assembly – have a strong and diversified base of Japanese and European end-customers.

It has been on a steady climb since the start of the year and started its long sideways consolidation from around February till April. Just over a week back ,when Innotek finally broke its horizontal resistance of $0.77 that caught our attention as that might be a continuation of the uptrend. Volume also started to come which helped to sustain the price movement all the way till our third target of $0.855! 🚀🚀. For now, would it be too late to enter? If we look at the history of Innotek, after a one-two bar of moving up then there might be a retracement. So if you haven’t enter yet perhaps waiting for a retracement might be a safer option. We’re glad our EXCLUSIVE CLIENTS were alerted back when Innotek was trading at $0.77. A nice 10% upside so far.

Our next possible targets are $0.90 then $0.925.

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Yours

Humbly

Kelwin&Roy