Chart has a nice shape. All EMA's intact. Previously tested 50 - 100, had a stab at the 200 Aug 11 and bounced nicely. Also broke 200 in May and bounced strongly.
Ideally, break through $1.18, reach higher then retest the breakout resistance/support white line and consolidate before moving on. Possibly some right-side room for it to coil into the wedge and retest uptrend once more before breaking out.
It couldn't hold the Ford breakout in June. Perhaps a bit of irrational exuberance on the ann. This time a break above resistance is more fundamentally driven with all necessary permits now in place and other initiatives - Lockheed etc - gathering momentum. A lot of long-tail candles over the period since Ford indicate underlying buy side support. IMHO
IPX charts, page-10
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Last
$2.69 |
Change
0.070(2.67%) |
Mkt cap ! $702.0M | |||
| Open | High | Low | Value | Volume |
| $2.60 | $2.78 | $2.59 | $1.462M | 539.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2752 | $2.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.72 | 10000 | 1 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| IPX (ASX) Chart |