Fly has made many notes on his new spec play $IDTI in The PPT, and I’ve been looking for an entry in the name. Here’s what they do (it’s needed):
Looking at the 9mo chart, this might be my entry point. I love the retest of the inverse head and shoulders breakout, as well as how it sits on the lower end of the channel. If the market can shape up here, I may take a position in the name.