Short Term Trading Weekend Lounge: 5 - 7 Feb, page-4

STTCOMP IVZ TA LONG

Invictus Energy
Market Cap - around $33m
Oil and gas explorer in Zimbabwe.

I've already got an FA tip in for IVZ. I'm liking it for entry at the moment pre-news. I really need to figure out how to post a chart. Something for me to play with.

Anyhow, I see strong support/resistance at 6.8c plus a weaker support at 7c. Then with the recent run up from a support line of 5.1c to a high 8.1c, the 38.2% Fib retracement lands at 7c. So, I'm thinking technically that around this current 7c level is a good entry level.