For me IDL is trendless at the moment and my question is:
Does the recent 3 month or more base line or consolidation still classify as a flag ? I have a target of about 0.72 ish based on Fibs and flag pole hight. SL around 0.41 or blow that (0.42 seem like good support). What do others reckon ?
IPL Based on the fibs and previous moves it seems somehwere between 0.38 and 0.42 are possible. However, the last 3 days the SP has hit up against the 3.50 ish level which seems to be a major resistance level from a fib point of view too. 3.15 or so seems like the place to place the SL and if IPL breaks through 3.5 then can be moved up I think. We seem to have a bearish MACD divergence though. I am having my doubts about it going higher this time round. THoughts are appreciated. The slow STO on the weekly says there is still quite a bit more to come on this run though so I am confused.
AZZ A big hammer with a long tail and it also closed the gap created last trading day. Again this confuses me as a gap close and then continuation up to end the day with Green hammer I would think is bullish but the websites on candles seem to say that this can also be bearish ? The slow STOo has only just touched into overbought territory on the daily but seems to be have reached a top on the slow STO (still to be confirmed). MACD's seem bullish. My target for this is 0.66 to 0.81 as possible target range for this run up. SL around 0.47 seems reasonable. Any thoughts from others on this stock would be great
