SpoTT77

Power of Trend-Lines on IVN.TO

Long
TSX:IVN   IVANHOE MINES LTD
Here is another case study of the Power of Trend-Line technical trading. If you start from the far left and work you way to the right, you will see where I have connected milestone price points and have created Trend-Line connecting points both on a larger macro time frame (in Yellow) and as well as a micro time frame (in purple).

A nicely held bounce nearing the whole dollar mark of 6$ for a LONG position consideration with a 20 cent stop buffer. Lets see how this one pans out on the bullish side as addition recent news came out as of this mornings posting pre-market. Follow the Trend-lines to consider partialing out.