Now it's the time, page-18

I think charts are best used with FA . In this example you have chart formation pointing to break out but a number of FA reasons suggesting it may not be sustainable for now

1 - big and quick increase in LME inventories
2- Zinc prices weakening
3- placement funds about to hit market

I like IBG a lot but given it's total cost of production , the sustained rally will come when zinc price vs cost has a bigger margin . This is a medium cost mine and thus IBG will take off when Zinc is heading to 1.15-120 .

With charting - it can be self fulfilling so you have momentum peaking post break out , resulting in a false break if FA buyers don't come in to support the TA break out . - that's how I see it anyway