Strong break out of Bollies today but also leaving a gap that will more than likely be filled. RSI is into the overbought territory so the SP may need to take a breather and cool off a bit before the next leg up. MACD in a very positive direction and all the MA’s lining up nicely.
Please take into account that these are basic indications only and i’ve got no idea but i’d like to take a position once the technicals smooth out.
Cheers
IFN Price at posting:
53.0¢ Sentiment: None Disclosure: Not Held