BH42

Intermediate Capital Group looking to breakout this week

Long
LSE:ICP   INTERMEDIATE CAPITAL GROUP PLC ORD 26 1/4P
Currently watching Intermediate Capital Group closely for a breakout from its ascending triangle this week.

A push up with strong volume above previous resistance at 1190 should be confirmation of a breakout. Initial target would be in the region of 1400-1450, then looking for a pull back before moving higher to 1700+ later in the year.

Comments

This ascending triangle broke down yesterday so is not for trading.
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