KL, Remembering that reading a chart is an art, not a science and that every one has their own "take" of the same chart. Here are some views. 29 is the short (3/4) day resistance. 29 is the Medium term (3 mth) resistance. 29 is the long term (11 mth) resistance (11 mth downward sloping trendline touching the highs). 29 is the key figure as you can see, so a clear break of 29/30 on good volume is what is required. You are correct 32/3 is the next possible resistance, and 36/7, the old 11 mth high is possible resistance. Coincidently 36/7 is the projected target off the clear consolidation bottom of 21.5, after a break of 29. As a point of interest we are in a clear short/medium term upward channel since the 1 st Feb with 3/4 higher lows and 3/4 higher highs since that time. Clear as eh. falko
IGR Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
