IPH 40% move coming?IPH has recently emerged from a descending wedge pattern, supported by bullish divergences in both the RSI and OBV, along with several divergences observed in shorter time frames. A pullback to the $5 level is anticipated, as the stock appears weaker on these smaller time frames. If IPH can maintain its position above the recent low of $4.40, it will indicate a structural shift, establishing higher highs and higher lows. My initial target is in the $6.50 range, followed by a potential move just above $7, representing a 40% increase. Good luck and happy trading 🍀
IPH
$IPH $IPH.ASX got more room for move up$IPH $IPH.ASX got more room to push up
IPH LIMITED details -Bottom triangle is shaped
Provision of intellectual property services.
Directors/Senior management
Mr Richard Grellman Non Exec. Chairman
Dr Andrew Nathaniel Blattman Managing Director
Mr John Atkin Non Exec. Director
Ms Robin Low Non Exec. Director