Back on April 20th, when the stock was around 16, this is what was posted...
The chart suggested a larger gain potential in IOB. The stock took some time to take off. One needs to have patience, trust the studies and the chart. The results is in front of you. 30% gain in...
- We observe a break out in the stock chart
- chart suggest, stock price currently in consolidation mode
- the zone of 13.25-16 is very important for IOB
- if held on to the doors open up for further upside in medium to long term
Target for the current set up 24.20 / 32-35 zone
Pattern gets invalidated if IOB weekly close is below 12.15