Investor section of Sun Herald on Sunday under Chartist...

Investor section of Sun Herald on Sunday under Chartist recommended 3 stocks, MGO, IBR and UMC. Prediction for IBR - quoted from paper: There has been volatility in the share price of Iberian Resources, which has gold deposits in Portugal and is investigating a pipeline of gold and base metals projects in Europe. The price formed a diamond pattern from 2006 and this phase is now approaching completion. Look for a rise through 82 cents, which would test peak resistance at 94 to 95 cents and would potentially lead to a break towards $1.05, $1.20 and then $1.60. The risk would be a drop back beneath 70 cents.
Funny buy side but looks ok do you think?