A few patterns emerging for the IXR daily Chart, weekly also has...

A few patterns emerging for the IXR daily Chart, weekly also has been looking very bullish and the first buy signal came in 12 weeks ago for it with the MACD cross and has since been gradually rising with a few swings up and down.

Here I've highlighted the Daily Chart with the strongest pattern I believe is emerging and that is the Ascending Triangle.

A Bullish pattern, especially with the formation of the flat upper trend-line which coincides with the previous Breakout base of 4.3c on that first big run to 6.5c. By comparison you can see that was a steep, rapid rise from the 1c/2c levels to the 4s/5s/6s and then that drop off when the market misunderstood the resource size because of what could be "reported" technically.

Now we have seen a steady and continuous rise over months from the 2s to the now 4s, with a few highs hit along the way with 4.3 acting as a resistance level and forming part of that Flat Upper Trend-Line for the Bullish Ascending Triangle.

Short term Price Target of 6.4c

This is based on the Ascending Triangle pattern alone and is a first target price, excluding the potential of fundamentals that as witnessed on another stock of mine today, with the right catalyst it lights a rocket under the share price.

I expect IXR to follow my most successful investment to date with AVZ... two peas in a pod; both discriminated because of location and having to grind away and sing for their supper to the market for value to be recognised and IXR will follow suit...for me it's been a long ride since OVL days but there is so much more to come that the Chart doesn't account for but merely provides a visual roadmap to the current trajectory and gives one an indication of timing on the short term for entries.

MACD on the Daily is looking Bullish, about to cross up which is a buy signal on the scanners and would expect traders to buy once this crosses over and up, which has already started to happen with the rise from the mid 3s to current 4.3c.