I posted this on the 23rd Dec on the '£1' thread, and since then, it has risen to 15.25p, and completed the 'crossover' into the 15-25p range. I reckon it will now stay within this range, but it just needs confirmation ... Once it starts to rise, then it could offer a buying opportunity at the bottom of the range.
IQE - 14.50p .. I don't hold this one at the moment, but it has 'caught my eye', and I thought I'd display its charts as a 'monitoring exercise' to test my 'price guide' on a 'range crossover level'.
The price has just started rising from the 12.50p 'MAJOR KEY LEVEL', and is approaching the 15p 'crossover point' to the 15-25p range above. ALL its indicators are rising, and it saw increased volume today, so all the signs are positive and suggest further rises.
15.00p - CONSOLIDATION RANGE CROSSOVER POINT(strength 2)
For a rising price, this is quite a strong resistance level, which may need a period of consolidation to overcome. It’s the crossover point into the next range above, which is centred around the 20p level, and as this next range stretches to 25p, it is unlikely to enter this range until it feels confident enough to continue its uptrend..
'Streaming Chart' to monitor for the 15p breakout.
