For those who might be interested in a Stan Weinstein style charting analysis of IBG, it currently presents a classic stage 2 bullish pullback to its price breakout point. The original breakout at 7 cents fulfilled the bullish scenario very well: year long preceding stage 1 basing , large volume and RSI surge accompanying the price upward breakout.
Good upside exists from here to 14 cents and perhaps onto 21/22 cents from there over the coming months. Price needs to bounce off the 30 week MA soon and continue upwards, otherwise all bets are on hold.
But at the moment this is one of the most bullish charts I can find using this system, (which works well for me).
Personally I will be adding to my small holding this week.
IBG Classic Stage 2 bullish pattern
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.375M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $4.833K | 1.208M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2117531 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5429982 | 9 |
View Market Depth
| Last trade - 15.05pm 21/06/2024 (20 minute delay) ? |
| IBG (ASX) Chart |