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Upward break for IMP

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jack12
Super Contributor
IMP has broken out the symmetrical triangle and is at resistance 176. IMO a close above 176 will present a buy opportunity.
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4 REPLIES 4
Not applicable
STB released a good buy above 177 a while ago and it did close above 177 last week and then dropped to 166.. one never knows with these things..I see it closed at 176 today.
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jack12
Super Contributor
when at 177 RSI was and Stoch was high, my system also indicated a buy. I think this entry will be a better opportunity IMO
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Not applicable
Jack, not bad, only one bothering me is top end of BOL so could be interesting to see how it breaks...
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sponono
Super Contributor
+ the stock is finding resistance at 50 day SMA.
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