ICG 16.7% 0.7¢ inca minerals limited

Started learning technical analysis a few weeks back and...

  1. 18 Posts.
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    Started learning technical analysis a few weeks back and although im very new to this space I would like to share with you all what I can see.

    On the 19th August 2021 we saw a Golden cross where the 50 day moving average (Blue line) crossed above the 200 day moving average (Yellow line). This triggered a spike in share price as we moved sideways into an uptrend channel while gaining space between the 50 and 200 ema.

    As we have been moving up through this channel we can see higher highs and higher lows which I think is quite bullish.

    On average every 23 days or so we touch support (Green line) and continue up to meet resistance (Red line).

    Currently sitting at .14 and just above the support line the charts are pointing to a 40% increase to meet resistance again which will see the share price move to .195

    Ontop of this we can expect updates from drilling in Peru which hopefully is substantially fantasic news and may see us break through resistance and up to new levels.

    Like I said im so new to this but so keen to learn, if anybody has any advice or can see any floors in my charting/predictions please let me know so I can improve and continue to learn and grow in this space.

    Thanks everyone!

    TyranT1
    https://hotcopper.com.au/data/attachments/3264/3264482-86dfd691cbbe6b5e51a8e85f6a4a17d6.jpg
 
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