Ironveld - Change in momentum
Updated
IRON
- Broke 50 day moving average signalling change in momentum. Went through resistance point easily with strong volume.
- Broke second point of resistance easily, higher highs confirming change in trend.
- Next resistance 3.20 and then key zone at around 3.80.
Target 3.80 if breaks 3.20 - will assess zones beyond that.
Trade active
Stop set at 2Hold until price crosses back through (bearish) the 50 day MA.
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