AntMwah

IOG (Independent Oil & Gas) - Continuing to Breakout

Long
LSE:IOG   IOG PLC ORD 1P
1
Continued upside from the completion of a very interesting technical set-up.
Sequence of smaller cup/handle formations has completed and broken the neckline of a first larger "bowl" shape.
Second phase in motion should complete a second larger bowl returning the price to its all time high.
Third phase will drive above this - most likely towards the 161.8% Fib - coincidentally where broker targets lie.