Hi IPL-ER's,
This is one of my favorite stocks to trade....unfortunately I have been out of it for a while now looking for better value in the broader market after she broke all four popular moving averages around the $2.95 mark.
IPL has been seriously oversold, however I believe it has another 0.20c to fall.....back to the GAP, before a reversal. Hopefully this will complete the head and shoulders pattern.
You may also notice the RED speed angle that signaled the fall from mid June to mid July is looking to repeat....guess what, it measures right at the GAP....That's why I have been sitting patiently at the bid @ $2.48 for a while now.
It would be interesting to know what other chartists out there are currently thinking...?
Good luck all.......
** not far to go before she a screeming buy **
Add IPL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.89 |
Change
0.025(0.87%) |
Mkt cap ! $5.593B | |||
| Open | High | Low | Value | Volume |
| $2.89 | $2.91 | $2.87 | $5.415M | 1.875M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 40044 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 95710 | 44 |
View Market Depth
| Last trade - 14.42pm 12/07/2024 (20 minute delay) ? |
| IPL (ASX) Chart |