IPL 0.51% $2.99 incitec pivot limited

getting near top of it's weekly chart channel

  1. 997 Posts.
    It will need to break convincingly and hold over $3.10 to signal a change from weekly downtrend.

    BUT - based on current trend - it most likely will bounce off the top of channel (3.05 to 3.10)into down trend again - with a lower low.

    Me? I'd be selling at 3.00 to 3.08 until confirmation either way is confirmed..

    But that's me.
 
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