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
$5.12 |
Change
-0.025(0.49%) |
Mkt cap ! $1.578B | |||
| Open | High | Low | Value | Volume |
| $5.17 | $5.19 | $5.09 | $727.7K | 141.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 3061 | $5.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.12 | 6037 | 18 |
View Market Depth
| Last trade - 11.38am 22/11/2024 (20 minute delay) ? |
| IPH (ASX) Chart |
