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ICG TA - Inca 2.0, page-133

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Stonemad101

344 Posts.

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17/11/20

19:39

Post #: 48940982
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Originally posted by Mattminton79: ↑

Righto ladies and gents, I haven’t posted any TA for a while.. but today’s the day..

We had some good price action on some decent volume and it was a fairly liquid day..

The management team played the announcement well today..

The TA has been stagnant I can see some accumulation and we’ve been trading between the 5c-5.5c spread for a while now.. but slowly building up a swell to start moving the sp north... the buy sell spread at close confirms..

The chart here tells me the negative sentiment has hit peak and has started to wax towards positive, the uptrend had started to weaken, but today’s activity has breathed some life, the yellow bars are everywhere indicating entry signals..

The macd has converged back to the signal line and is about to cross for a buy signal, the squeeze is still off so if that macd crosses tomorrow and we have a green arrow buy signal on the slingshot, it will be what I call the holy the holy trinity and we’ll see quite a solid movement north..

The only thing that will trump all this analysis is fundamentals, ie if we have bad news bears or other external influences such as world indicies..

If I was to speculate I’d say we would see a 6c touch by the end of the week..

All in my opinion of course..

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Thanks Matt
great description and details!
I'm guessing we will see the squeeze turning green soon and showing momentum has changed if the macd crosses tomorrow?

ICG Price at posting: 5.4¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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