Long
IOG (Independent Oil & Gas) - Continuing to Breakout
Continued upside from the completion of a very interesting technical set-up.
Sequence of smaller cup/handle formations has completed and broken the neckline of a first larger "bowl" shape.
Second phase in motion should complete a second larger bowl returning the price to its all time high.
Third phase will drive above this - most likely towards the 161.8% Fib - coincidentally where broker targets lie.
Sequence of smaller cup/handle formations has completed and broken the neckline of a first larger "bowl" shape.
Second phase in motion should complete a second larger bowl returning the price to its all time high.
Third phase will drive above this - most likely towards the 161.8% Fib - coincidentally where broker targets lie.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.