ICN 0.00% 0.6¢ icon energy limited

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    STAR ABILITY: Volatility from the late 1990s has influenced the price for Icon Energy, an oil and gas explorer primarily in the Eromanga and Surat basins in Queensland, with interests in the US. The volatility from 2001 has the potential to form the base. The completion of that base will rest upon the ability to change direction over the short term. For this to occur the price must rise through 6.5 cents and the 7.5 cents. Consolidation may be required beneath this level, before being able to break higher towards 9 cents and the next barrier at 12 cents. The risk would be a fall through 4.8 cents.
 
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