IGS 0.00% 0.3¢ international goldfields limited...

broker action, page-11

  1. 619 Posts.
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    A good day. Makes me a lot more confident that a significant low is in place at 2.3c last december.

    Now for the 6c level. All other things being equal, this should be a tough level to get through because:

    - it's the base of the 2009-2010 Rectangle formation, formerly support, now resistance; and

    - it's roughly where the downtrendline from the 2007 peak cuts in.

    But, if it can get through 6c, it could well be very exciting times ahead for holders.

    I agree the last presentation was much improved, and maybe I'll end up eating my words about selling the Brazil operations.

    I'm upping my sentiment from hold to buy.
 
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