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#ICP - Intermediate Capital Group - Buy

LSE:ICP   INTERMEDIATE CAPITAL GROUP PLC ORD 26 1/4P
Price is looking like it has formed a bottom at 931 which is a previous resistance level now acting as support. A decent spike in volume at this level shows interest with some large buy orders being placed late on Friday.

RSI looking extremely oversold along with stoch . May see some further downside so my stop will be placed a few points below the 100ma.

Target of 1100.
Comment: Strong bearish candle on Mondays open, will keep an eye on it and see if it rejects further from the .5 or .618 fib.
Comment: Buy order triggered at 956.
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