jinsteruk

IPO setting up for a strong move higher

Long
LSE:IPO   IP GROUP ORD GBP0.02
IPO setting with contracting price volatility for a breakout above the existing trend. Tighter price action and low volume in the apex of the ascending triangle, and a subsequent strong breakout and close above the upper trend line would confirm the move higher. Initial targets 130-150p.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.