Bollinger Bands has closed above bottom band by 22.7%; Bollinger Bands are 62.3% narrower than normal.The narrow width of the bands suggests low volatility as compared to IDOI's normal range. The bands have been in this narrow range for 19 bars. This is often a sign that a market may be about to initiate a new trend. (see allotcbb website)
Good luck with your application of Technical Analysis to ten-cent speculative sewer stocks.
Appropriate tools for inappropriate fools?
Don't really think your sophisticated work predicts the DIRECTION of a "new trend" when there ain't no saleable product, no reliable genuine revenues, no income from anything much other than toxic loans backed by floorless debentures convertible at a discount, no profits, and no prospects.
In other words, deep due diligence on IDOI requires the fundamental side of the ledger with full consideration of mismanagement, a one-man production staff in a far-off land, deficits, debt, and share structure. Youse done that? I doubts it.
Then there is the matter of "Assets" for IDOI. When the filings with the SEC indicate that the major "asset" is GOODWILL, youse should be able to feel the warning breeze coming off of that RED flag. All IMHO.
What is the source of your prediction that "things are about to change for the better"? Did some fairy appear in your dream and whisper in your ear?
IDOI is an investment game with a gimmick that has no forseeable use, a shoe magazine. That technology, i. e., a magnetic system to detect metal, is outmoded, outdated, and not very useful except to convert it into a hand-held wand for kids to use to hunt old metal bottlecaps buried in the sand at the beach.
Wake up, comrades. Just as the best buggy whip couldn't save that industry once vehicles with internal combustion engines hit the streets, IDOI and its shoe magazine are doomed. Just a matter of time before the implosion and the death spiral to the ocean floor. All IMHO.