General Chat / Discussion, page-10753

Thought I would share a basic chart for those interested... looks good at present...



Rally Within Longer Term Bearish Trend
IXR appears to be rallying within a longer-term bearish trend, driving its MACD above the signal line. However, shares remain below a declining 200-day moving average, signifying that the dominant trend remains lower. Comparative Relative Strength analysis shows that the stock is lagging both the S&P/ASX 200 and the Materials sector average.

Strong Bullish Momentum
Momentum for IXR is strongly bullish. The 14-period Slow Stochastic oscillator is above 80, the level which many analysts call overbought. This means that investors have been actively purchasing shares and driving the price higher.

Bearish Longer-Term Volume Pattern Improving
Volume, as measured using the On Balance Volume indicator (OBV), shows that longer term selling pressure has given way to near term accumulation.

Recent High Volatility Signals Potential Pause in Trend
Bollinger Bands use standard deviation of the closing price around a moving average to measure volatility. The Bollinger Bands are presently wider than usual, as a result of greater than normal volatility that accompanied the recent price move. Events such as this may precede a pause or reversal in the near term trend. Hence we need some news to keep pushing this in the right direction..


Over all, Chart looks like its moving in the right direction... some ongoing encouraging news could see this easily gain strong traction... would be good to see some serious volume to back it..

Have a good weekend people...