Morning team ICG
As I said yesterday, everything is looking great on our charts and this baby remains a buy IMO.
Just noticed a few things on the chart. Our RSI is approaching overbought territory - does that mean anything? Well it could signal a reversal, but look what happened last time we went into overbought territory - the momentum dropped off a little, the SP flatlined for a bit and then continued upward. On peak two, the momentum tail went a bit longer and we dropped back a pip from memory and built up for our second wind that happened yesterday. Something to watch out for, but I think with permit hanging over our head, a sell off would be unlikely - LT's will most likely ride the wave.
1.6 is our support atm, so watch that line.
It's Friday, so traders may want to get out for the weekend - but then again, I'd say FOMO is big here atm.
Happy Friday everyone.
Charts
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ICG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.7¢ |
Change
0.001(16.7%) |
Mkt cap ! $5.633M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $3.581K | 511.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 905861 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 1503941 | 4 |
View Market Depth
| Last trade - 15.33pm 27/06/2024 (20 minute delay) ? |
| ICG (ASX) Chart |