Dont wont to clog up the other thread
At the moment the chart for IPB is the one you would want to see on most spec stocks on or near there bottoms.
With positive divergence on the weekly, its forming a wicked bullish wedge pattern atm.
A rights issue is currently taking place at 0.009 cents which is giving this stock time to consolidate and people to build their position IMO before the next move.
A break above 1.4/1.5 cents would trigger the break of the wedge and our next attack to fill the wick at 2.6 cents
I wouldn't be surprised if one day we tested that 6 cents area above.
For now its patience and just wait for mgmt to deliver something, but anything between 0.009-0.01 IMO is good buying for the hold and wait, cause charts dont lie and this one is indicating something big about to happen
All IMO
IPB Chart thread
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 (20min delay)
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.521M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $17.93K | 2.242M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 781725 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 3267722 | 6 |
View Market Depth
| Last trade - 15.42pm 03/05/2024 (20 minute delay) ? |
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Last
0.8¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 0.8¢ | 0.8¢ | 0.8¢ | 171691 | ||
| Last updated 15.42pm 03/05/2024 ? | |||||
| IPB (ASX) Chart |