International Precious Metals (IPMCF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : International Precious Metals (IPMCF)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TATRADER who wrote (1447)	1/16/1997 11:16:00 PM
From: Claude Cormier	of 35569

Mark, Nice TA analysis, however may I suggest that the $3.50 level looks like a more solid support level than $3.75..It is from that level that a quick rebound above the previous day high was engineered on Jan 9. Today was a down day but on very week volume. The indicators are dropping rather fast and will reach the buy zone soon...It looks to me like the odds of IPM going below $3.50 are low...still it is possible. Also the 1.6M shares that trade on the 20-23 december breakout were above $3.63..making the $3.50-$3.63 a strong support area. The $3.50-$4.00 range could be a great consolidation area and could support a strong upside move to new highs... asuming of course that we get some good fundamentals to ignate the fireworks CC

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next