OTCPK:ICPVF - Post by User
Comment by
paragonIon Jun 06, 2019 4:00pm
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Post# 29803777
RE:RE:We've been down here before
RE:RE:We've been down here beforeSirius1421 wrote: Sirius1421 wrote: I know of no news why IPL has dropped 30 cents today. Perhaps just an absence of buyers after it failed to advance beyond $20.80 recently. I'm not too concerned about this as there is still support between $20.15 and $20.20 where it bottomed in mid-May. I would be concerned if it broke that support level, but I don't think it will go that low.
jgzer, nova et all your nicks, seems your ignorance about the investing shines through brightly. FL!
Actually, now that I've had another look at my charts, I became aware of what may be the reason for today's share price drop. A downtrend line had formed by connecting the daily high on June 5th and May 30. When the SP approached that line at the open but then was knocked back, I think it may have caused persistent technical selling. The new challenge will be to break through this newly formed downtrend line, whcih I think will happen sooner rather than later. GLTA.