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IAMGOLD Corp. Message Board

  • wolfmanran wolfmanran Feb 5, 2013 11:24 AM Flag

    Bullish sign:Inverse head-and-shoulders pattern on 1 hr. chart

    For technical geeks out there:
    left shoulder @ 9:30 am EST on 1/28/13 (high = $8.70)
    head @ 10:00 hour on 1/31 (low = $7.95)
    right shoulder @ 10:00 am on 2/1 (high = $8.62)

    The neckline at $8.70 was breached today at 10:02 am EST.
    Initial target = $8.70 + ($8.70 - $7.95) = $9.45

    Good luck, longs.

    For any non-technical geeks, don't waste your time with replies. Instead, research the highly successful
    head-and-shoulders formation.

    Sentiment: Strong Buy

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IAG
2.03+0.01(+0.50%)May 29 4:01 PMEDT