G'day,
For a quiet day it was pleasing to see the initial reversal of ICS. Notably, it never touched 42 cents today and closed on its high of 45.
It needs now to break through 47. This may happen on Friday most likely, or the following day.
Once 47 has broken, it will move swiftly to mid 50's.
We are pretty safe with stops set at 39 cents I think, however my targets of mid to high 50's in next few trading sessions remains.
A happy and holy Christmas.
Newry
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