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
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IPH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.08 |
Change
-0.060(1.17%) |
Mkt cap ! $1.578B | |||
| Open | High | Low | Value | Volume |
| $5.17 | $5.19 | $5.08 | $2.281M | 446.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 19240 | $5.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.10 | 2799 | 2 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| IPH (ASX) Chart |
