STTCOMP ICN, TA Long
Shares : 597m
MC : $18m at 3c
Cash : $16.5m (June'16)
Icon has been in a basing pattern for around 10 months with the volume dropping over the past few weeks. Currently priced at close to cash and a company buy-back in progress, the chart is sitting on the lower channel of the bands. A confirmed break of 4c will see this breakout.
Hold.
