IGO LIMITED
Long

ASX IGO - Independence Group FY19 A$76.1 Million Up 44% On-Year

148
Share prices jumped straight from the opening trades and pushed through two resistance price points at 5.30 and 5.40. Share prices were up 3.35% at the time of reporting trading at 5.41 and might reach 5.45 if it holds above 5.40 support level.

Share prices have recently bounced back at the 5.00 mark which created a double bottom price format. This is a technical indicator of a potential price reversal to the upside. However, Share prices need to remain within the price channel to continue to the upside.

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