IAE

Interesting chart here:



Trendline breakout
Horizontal breakout
Bull flag
Cup & handle
at 61.8% fib
backtest on RSI
and a gap thrown in

IMO a break of 58 should give a fairly quick gap close to 65.25

F4T

F4T,

IAE & ENQ and PMO and AFR been on radar for me.

Bought IAE and ENQ sub 30p, sold in last few days, I mean took capital out after almost 100% profit.
PMO still holding, in at 130p.
AFR has gone bad, bought at 40p, then at 18p, now suffering

GOod day
Ta
G

Thanks Paitech, that is very helpful.

After a good run IAE didn't close that GAP after all and is now again testing the 54.50/55 area which remains key. RSI has now broken down and back tested with strong divergence.

Following the Crude model, a potential retrace to the 45 area could set up a nice Inverse H&S which would bring 61 back into play.



Great chart for all those budding technicians this one.

GL
F4T