Do not buy #IGO at the current price (8.74), #waiting for more decline to buy (wave C). First support is 8.63–8.34; small buy with SL 8.1 Second support: 7–6.3, strong buy with SL 6.27-5.9, depending on margin. If the price is not lower than 5.9, wait for the turnaround signal and then make a strong buy at 8.63–8.53 with SL 8.1 (wave 2).
IGO @ the upper end of the range trade. take profits. 1. price @ fiboancci level 2. shooting star formed. 3. RSI @ upper limit (expect a pull back)
IGO chart is very good. making new highs on the daily and 2W charts. long term Target = $13.50 sentiment is king.
IGO is a proxy to lithium play with its potential access to the Chinese Market.
Text me if you have any questions/comments for me. ----- IGO - Previous analysis was done on 15 Sep -> suggested waiting for successful breakout of $10 psychological resistance - Since then, there was a false breakout and the stock quickly fell below the mid-term support with above average volume - Four of my other indicators are also borderline bearish - A...
IGO - Previous analysis was done on 10 Sep -> suggested waiting for successful breakout of counter-trendline - Stock has gapped up above the counter-trendline (purple dotted line) 2 days in a row but both times disappointingly retraced back - Potentially strong psychological resistance at $10 levels - The stock could retrace back to test the trendline (blue dash...
IGO - First time doing a written analysis on IGO - Has history of multiple uptrends but also multiple downtrends - Historically, the stock has traded in a tight range that is bounded by strong resistances and supports - Created new all-time high a month ago when it briefly tested the 10.00 psychological resistance - Stock recently formed a Lower High (LH) and...
I note that IGO has closed lower for 6 consecutive trading days. Historically this type of persistent weakness usually led to a short-term bounce. Since 2002, IGO has fallen for 6 Consecutive Down Days (up or unchanged Day followed by 6 down Days) on 23 occasions. Following this weakness, IGO managed an average 3-day gain of 5.40%, with a win rate of 19 from 23...
IGO is more of a pattern trade than anything else. I would want to make sure that it does indeed start to go back up, but you can see that in the past it has had a fairly consistent 15% or so range. Could be a good bracket order. Wait for confirmation, but worth a watch. IGO Ltd. is a development stage company, which engages in the exploration and mining of...
ASX IGO share prices have been on a downtrend since the beginning of this Month October 2019 and have now reached about 50 % retracement level at 5.80. The share price could bounce back around this level if it holds above 5.80. Share prices could also continue further down to around 5.60 to fill a price gap if it fails at 5.80 Support: 5.80, 5.60, and...
Share prices jumped straight from the opening trades and pushed through two resistance price points at 5.30 and 5.40. Share prices were up 3.35% at the time of reporting trading at 5.41 and might reach 5.45 if it holds above 5.40 support level. Share prices have recently bounced back at the 5.00 mark which created a double bottom price format. This is a...
I was looking at this stock this morning just due TA and it release its full-year report as well. On the daily before the market, it bounce off nicely on the 50 EMA with the Stoch confirming a bullish trend. Also on the weekly its bullish trend as well. I brought it at $5.34, stop lost $5.29 and close it at $5.41. This was a 10 minute trade, because due to the...
IGO has two Tier one assets Tropicana (gold) 30% and Nova (Nickel/Copper/Cobalt) 100% With the Nickel price breaking higher this looks a good chance to break from a multi year resistance and commence a new uptrend