IFN 0.00% 93.0¢ infigen energy

Positive Outlook, page-20

  1. 8,720 Posts.
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    Hi folks, apologies for not responding earlier, busy week last week and I had my focus on some other stocks. IFN hasn't disappointed since my last update, and gone on to break the July 2011 high of 41c. Imo its since met some old supply which has kept it pushing further ahead - not unexpected especially since its made a pretty steady & strong gain since bouncing off the 30c level a couple of weeks ago. My expectation is that without further company news to push price along, a breather is in order which should see the 41c level tested as a support level, and if successful the next target would be the old 51c high from April 2011.

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    Cheers, Sharks.
 
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