Post by
Starsearcher80 on Nov 30, 2020 12:34pm
BREAK AND RUN IMMINENT
The IVN chart is an absolute thing of beauty. The break is clearly defined at $6.00. A few traders were certainly excited this morning, pushing through the level. It did come off, but is now building again nicely. Is there a brteak and run in there? Absolutely to my eyes. Count me in. A great company and a great chart. Doesn't get much better than that!
Oh wait, it does. I think post Covid (not long now with the Vaccines), we're going to see Governments go on an infrastructure spending binge, getting people back to work. This should also bode extremely well for the price of copper. The timing of this mine actually coming on line just couldn't be better!
Comment by
Starsearcher80 on Dec 01, 2020 9:39am
Ya, saw that one coming. Today is DAY 1 of the upside run. This should be good, and strong, for 3-5 days. Enjoy.
Comment by
Starsearcher80 on Dec 01, 2020 10:06am
Just bought more on the morningpullback @ $6.12. :)))
Comment by
Helios on Dec 01, 2020 12:14pm
As many posters have mentioned, the IVN chart looks pretty good. Baring a run in the U$$, my technical guess is we could see $8 by months end before a good healthy pullback. If these short holders start to panic which is or will happen shortly, share price of over $7 is just around the corner. Best of luck Longs! H
Comment by
cashtango00 on Dec 01, 2020 12:42pm
with all do respect, you don't understand technical analysis if you think the charts are indicating $ 8 in the month and the fact the shorts hold 14m shares out of 1.2b out, makes the possibility of a short squeeze close to zero...I'm very long and have been for a few years, but I'm also realistic.
Comment by
Helios on Dec 01, 2020 4:04pm
With only barely one million shares traded everyday, fifteen million shirt sellers will have an impact in the SHORT term if this stock starts to move aggressively north ward.