Very Intelligent Environments

I quite like using the Fibonacci number series/ratios to help predict the shareprice. I've plotted the main ratios on the graph below and interestingly the 7.375 figure I quoted before is exactly the 50% level. This backs up a short term price target of 7.375. A fair bit of volume lately which is what's needed and hopefully buying in the run up to the trading update will push the price toward 7p+.



Other levels not shown include 60% (3/6), 62.5% (5/8) and 66.6% (2/3) which give prices of 8.75, 9.125 and 9.75 (to nearest .125 using 14.625 as the reference price). So perhaps a longer term target might be 8.75-9.75 and this seems to what the following graph points to. I've not managed to find much on the net or elsewhere as to the validity of what's shown below, so treat with caution. Comment from any chartists is welcome. The general pattern is a long term saucer bottom which has formed over 2 years and is a pretty strong indication that IEN are headed higher and will remain over 6p.