Basically the stock is moving up and the next lot of price resistance from Oct'16 - early Nov'16 is around $6, $6.05 is close enough. So that is what we are shooting for. The next lot of resistance on the weekly chart after that is in the $6.70s'.
The theory is that a stock in an uptrend will/may stumble/pull back at least temporarily at overhead resistance. Short term traders often sell at resistance levels. Long term holders probably don't worry to much about them at all except not a good place to top up. Better to top up at the lower support levels.
IPH May Be Ready To Rally, page-29
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Last
$5.09 |
Change
0.005(0.10%) |
Mkt cap ! $1.578B | |||
| Open | High | Low | Value | Volume |
| $5.14 | $5.14 | $5.08 | $630.8K | 123.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 831 | $5.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.09 | 4721 | 16 |
View Market Depth
| Last trade - 11.40am 25/11/2024 (20 minute delay) ? |
| IPH (ASX) Chart |
