IBG 0.00% 0.4¢ ironbark zinc ltd

IBG price, page-4

  1. 561 Posts.
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    Whoops, wrong button ..... here's the chart ....

    ibgd3.png

    Coupla comments

    1) New recent high of .061 versus early June .060. Encouraging, but not conclusive.
    2) .062 tested twice now, and failed. Mind you, the current "failure" pattern - from the last two or three days - has not really played out yet; its possible that it could spike over .062.
    3)  I can see a rounding bottom pattern from October through to this week. One could argue that this is an extended cup and handle forming, with the handle from June - today.

    POZ key, obviously, I like the cup and handle pattern; if it completes, they are usually pretty explosive to the upside (and pretty dismal if they don't complete).

    Cheers all, go well
 
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