IPB 0.00% 0.7¢ ipb petroleum limited

Maybe Positive

  1. 193 Posts.
    lightbulb Created with Sketch. 10

    Hi all,

    I think we (current holders) are all hoping for positive farm in news but before that, what do you think of:

     

    I am not an expect in technical analysis, but IPB currently looks very much like a bullish flag.


    Current chart:

    https://hotcopper.com.au/data/attachments/1313/1313862-72225170ce8f014bf345b46b59edd8f7.jpg

    See examples from:

    https://hitandruncandlesticks.com/bullish-flag-formation/


    https://hotcopper.com.au/data/attachments/1313/1313865-ef39d466e2f67e3d400ed4b2bc486a43.jpg

    They state: 

    The bullish flag is most significant when it appears after a sharp advance in price.

    A flag can form over one or more weeks. The most reliable flags typically form over 1-4 weeks.

    Regards,

    W

 
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