IAmGoldCorp Testing Breakout. (IAG)
Based off our history we have a nice wedge pattern being developed on the 2 week.
Our main Resistance is 3.88 - 4$
Break that and we should move north out of Resistance.
No telling how high it would want to go.
We do have have a potential higher low on the bottoms.
If we broke out I think we would see a nice size push.
Could be developing one massive cup and this could be the push for the right side of it.
When scrolling penny stocks we look for these major zones of Resistance and support. Preferably wedges.
Now if it got reject here I think it will turn into a big mess and the bears could win big.
2 nice opportunities approaching for this one.
Our main Resistance is 3.88 - 4$
Break that and we should move north out of Resistance.
No telling how high it would want to go.
We do have have a potential higher low on the bottoms.
If we broke out I think we would see a nice size push.
Could be developing one massive cup and this could be the push for the right side of it.
When scrolling penny stocks we look for these major zones of Resistance and support. Preferably wedges.
Now if it got reject here I think it will turn into a big mess and the bears could win big.
2 nice opportunities approaching for this one.
Komen:
