igr now the flavour of the month

Well guys and girls another gap up with good volume and that 40c target may get hit today.However the SP has had a such a quick move from 24c to here that a bit of consolidation will probably occur.

How far it retraces will determine the strength of this move.If this intermediate top is 39c then a retrace to no lower than around 33c (approx 38.2%)would be a great platform from which to makes its next move up.My guess is we will see it hover around the 34-35c mark but intra day may go lower.Time will tell.Anyway around those prices I'm sure more people will be loading up.

Tigerpen8