IMPQ long

[trykid]

Looking at the pull back in IMP lately and just sold short contracts and thinking of going long on IMPQ SEPT09. Is the pull back temporary to sympathise with AMS and can we see a recovery of this share. Any opinions on IMP

[Russ]

I think this is a good buying area.It is just above the support line of its uptrend and is oversold so this is technically a low risk area. it has strong support at 172 so you might want to see if it falls a bit more before buying.Your call!

[jack12]

you gotta check $ZAR=strong, PLAT chart = going south, so 2 outa 3 say not good. IMP chart = below 10, 20day MA above 50day MA, sto falling to 20, on Ave on the bol, at the bottom of a channel,172 support, 178 resistance. if gets above 179,$ZAR stable can run to 207.if it falls can go to 160. It may bounce 172-178 for a few days.

[Russ]

The rising support line is still holding.As long as it does it makes sense to stay long as the trend is up.

[Russ]

Now if it can just break out of the flag it could fly.

[Electrox]

Agreed Russ. as long as higher highs, and higher lows are intact long it is....