ICI have been forming supportive candles above the 200SMA, coupled with High Volume and MACD Cross. This could be a sign that Bulls may be taking over and preparing to take price higher. I am bullish ICI and my trade plan is as follows:
TP1 - $0.145 (potential gain 25%)
Stoploss - $0.095
Please note these are my own notes, by no means trading advice. Please do...
Well following TraderNeoh idea (thank you sir) about trend reversal worked a treat for FFG so lets look at sister company ICI and see if we can do it again!
ICI tried to push higher on Friday with news that their game Masketeers: Idle of Fallen has reached a record revenue milestone of A$1,000,000 in just over 60 days, the fastest ever for an iCandy game. RSI is at a pretty good value area. Could be worth keeping an eye on to see if its recovery continues.
