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Ivanhoe Mines Ltd. T.IVN

Alternate Symbol(s):  IVPAF

Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. It is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include Kamoa-Kakula Complex, Western Foreland, Kipushi and Platreef. The Kamoa-Kakula Complex project is a stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (kms) west of the town of Kolwezi and approximately 270 kms west of the provincial capital of Lubumbashi. The 17 licenses in the Western Foreland cover a combined area of 2,407 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex. The Kipushi Project lies adjacent to the town of Kipushi and 30 kms southwest of the provincial capital of Lubumbashi. Its Platreef project is situated approximately eight km from Mokopane and 280 km northeast of Johannesburg, South Africa.


TSX:IVN - Post by User

Bullboard Posts
Post by donger15on May 03, 2019 11:10pm
318 Views
Post# 29709932

Bull/Bear report

Bull/Bear report
DAILY BULL & BEAR REPORT
Ivanhoe Mines Ltd forms bullish "Bottom Triangle" chart pattern
May 03, 2019
 
Recognia has detected a "Bottom Triangle" chart pattern formed on Ivanhoe Mines Ltd (IVN:TSX). This bullish signal indicates that the stock price may rise from the close of $3.55 to the range of $4.70 - $5.00. The pattern formed over 72 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
 
Tells Me: The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. A Bottom Triangle shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend.
 
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
 
Bullboard Posts