IXR Charting & T/A

Looks like there could be a long term trading entry coming soon.
I've got support and resistance between .4c - .6c.

I've currently drawn the green trend line as a potential support but price may continue sideway but expect the long term upwards trend to go somewhat along that.

Gap below and Gap overhead shown in pink.

The breakout would be the stochastics pushing through the downward green trend on the weekly view.
MACD histogram strengthening and close to a buy signal (more conservative entry than the stochastics on these timeframes.)

Overhead resistance trends shown in blue.

Think we'll need next week to see if the stochastics can break through but some volumestarting to bubble last week or so just needs some follow through. Sell supply has been weak.



On a shorter term of view and looking towards the MACD on the chart. We can see that a 20 over 50 (red line above orange line) is a decent trade strategy. If red crosses will probably coincide with my comments of a break on the weekly and a S/P above .6c

Target price would be .8c-.9c

SF2TH