*IMG.TO* - Chart,
Like many of the PMs IMG has that pesky Up-gap at lower levels, we don't know if it will ever fill, but it failed to hold the 200-day and is now bouncing off of the 20-day EMA. The lower indicators are heading lower, so this one might see areas closer to that gap or at-least the 20-day.
If it falls and closes below the 20-day, ... chances greatly increase for that 50-day and so on and so forth. MACD-bars just fell below 0, other lowers are pointing down.
"Lets always keep in mind", ... that a "MAJOR" company or especially "An International" event can turn all of these PMs around in a heart-beat, and that's the Wild Card we all have to deal with everyday, .. especially for those that outline TA and share TA information, we could be left looking like Idiots quickly, .... lol!
But those lower indicators are all you have to look at to see that its track right this minute is, .. Lower.
~~
WEEKLY:
And when you look at the Weekly, ?
We can see that its really NOT done moving higher (LONG_TERM) ... those MACD lines are still moving back towards-0.
;-)
THINK LONG-TERM? Yes! .. $16.00 is not out of the question, you have two very large pivots above, as do many of the PMs.
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