IVANHOE MINES LTD - TSX: $IVN Builds Its Right-Side

Since recapturing its 200DMA back in February, IVANHOE MINES LTD - TSX:IVN has been trending sideways and in the process, building-out a massive base as we can observe from the Daily chart above.

Additionally, IVN continues to trade above all of its important moving averages 20/50/200 and remains in fine technical shape.

Furthermore, if one were to zoom-out to both the Weekly and Monthly time-frames, you can see that IVN is in the process of building-out a potential inverted H&S pattern that should such pattern materialize and complete, would suggest a measured move to the $5 - $5.25 zone.

Thus, both investors/traders may want to pay close attention to the action in the days/weeks ahead for if IVN can clear the $3.65 hurdle, such development would likely trigger its next meaningful advance into northern territory.
Get the stock picks the pros don't want you to know about!

Join our FREE newsletter at
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out