IFN 0.00% 93.0¢ infigen energy

IFN Chart, page-77

  1. 423 Posts.
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    Yep good price action. I have a feeling that this trading range is going to go on for a number of more weeks before its marked up - large amount of supply at the upper band of the trading range which it may take a while to get through so could be further reaccumulation either at the top of the range or more possible springs off the support. But it's looking like its reaccumulating within a long term trend - if it reacts off the demand trendline in Feb/Mar with the same type of rally it had in August then that would take the share price to the mid 80s.

    https://hotcopper.com.au/data/attachments/1851/1851158-a8e688832de3bf98e66446b3790381e8.jpg
    An alternative steeper demand trend line could also emerge though depending on how it reacts from this upthrust - a quick follow through and rally makes a much steeper demand trend line which would see the price rally much faster through 2020 if it holds.
    https://hotcopper.com.au/data/attachments/1851/1851175-d1bd5759ae4bc1fbd0223220fe0b1236.jpg

 
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Currently unlisted public company.

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