From what I can see and hear, we desperately need a confirmation of the good news that will cause the share price to respond immediately upwards breaking previous highs and stunning many unbelieving non holders in its wake. Until we get an announcement of this nature I believe the share may either continue going up or down. That being said i’m incredibly encouraged the share price retracing to 6 cents before bouncing text book style back to a much higher level of support at 6.1 cents. We may see a holding pattern at this range for either a short time, medium time, or long time. Time frames will vary depending on when we receive a McFlurry of price sensitive / oil rich announcements stating we have indeed found the things that institutional investors are willing to pay the big bucks for. hope this all makes sense, a lot of technical jargon I know.
Not going to come to Hotcopper or post anymore until later today.
AussieGeo
IVZ Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
