IP1 chart, page-15

Here is how $IP1 looked like in the monthly chart. Right now it is knocking at the resistance near .030. It might need a really good ann to pierce through that resistance. In the absence of one, my imagined transition for this is an inverted head and shoulder which is the usual pattern for stock that is trying to bottom out. The right shoulder will form during the consolidation. Of course, i might be wrong, but i try to see the possible transitions, so i can manage my expectation. Revisiting the highs at .045 is also nice before consolidation, so we'll see how the price action goes in the coming days.