IRN indophil resources nl

Ive watched this stock for a while and the same trading pattern...

  1. 297 Posts.
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    Ive watched this stock for a while and the same trading pattern seems to be happening. Not always but more than enough to be coincidence.
    On opening the price is driven up by buyer/s purchasing up to 3 to 4 cents above the previous days price. Not huge volumes are purchased BUT this has an effect of increasing seller volumes as they try to sell into this increased sp. As the stock slides back though most of these seller volumes remain. The sp will end up back at the original price or very very close, either just above or just below. But the new weight of sellers now puts pressure on the sp to hold and sellers end up accepting less for their shares as they attempt to exit. A great way of accumulating stock without paying a premium price which normally occurs when percieved demand outways percieved supply.

    I think this is a reasonable sign that something big may be happening in the near future. Its a matter of whether you have the paitence to hang in.

    Goodluck holders
 
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