IBR iberian resources limited

One of the best most powerful looking charts for quite a while....

  1. 6,951 Posts.
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    One of the best most powerful looking charts for quite a while. Increasing volume, and the last failure swing was to the downside on 19th Dec, when the bottom of the candlestick touched the upper median line which was in place from 15th June 2005. This failure swing meant that the share price was due to go up. If you look carefully at the chart you will see that there were two downside failure swngs on 14th Dec and 15th Dec when the median line effective from 20th Oct, held the price fall and therefore pointed to higher prices.

    Best wishes playmates, B2

 
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