IPM incremental petroleum limited

some technicals on the sp

  1. irynka
    2,166 Posts.
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    28/05/08
    22:18
    Post #: 3781921
    Looking at the SP we can make the following conclusions
    - the stock chart has majority of daily black candles (closing price is lower than the opening price), even now when the SP is moving up it is still moving with black candles
    - a new up trend started in the middle of May
    - $1.10 is currently a very good support level
    - when the SP clears the current resistance level of $1.20 next resistance level will be in the $1.32-$1.37 area, then ~$1.50.
    IPM Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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