Australian Securities Exchange

IGO: Medium Term Current Signal -> (1) 14 Aug: BEARISH (2) 13 Aug: BEARISH (3) 10 Aug: BEARISH CONFIRM

[BEARISH]: Independence current price has highlighted recent distribution. Currently, the OBV is -4.1044e+007.

[BULLISH]: Independence currently has positive PVO 4.45%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -5.6%.

Independence has broken the first DeMark resistance point ($4.2400) [Bullish]. Look for a long limit order entry near this point. Exit price for IGO should be set @$4.28 & Stoploss for Independence should be set at $4.14

[BULLISH]: Independence is in an uptrend in the medium term timeframe. The current rally number is 3 & the highest rally count for the LTM is 3. The highest rally for the month is 10

[Trend]: ADX for IGO has confirmed a strong trend is present. Independence has an ATR(14) of 0.153, a DX of 41.36 & an ADX(14) of 26.78

Independence has moved below the 161.8% level ($11.06) [Bullish]. Look for a long limit order entry near this point. Exit price for IGO should be set @$10.14 & Stoploss for Independence should be set at $11.98

Independence has broken the first resistance point ($4.306) [Bullish]. Look for a long limit order entry near this point. Exit price for IGO should be set @$4.393 & Stoploss for Independence should be set between $4.113 & $4.026

[BEARISH]: Independence currently has a confirmed downtrend. Price is currently below the displaced moving average for IGO. Currently, the return on DPO20 is 0.0%.

[BEARISH]: Independence has a current ARO(25) of -96. This has change -4 points from yesterday.

[BEARISH]: Independence Elder Ray Index is signalling a Bearish movementERI is -0.19 indicating bear power. Prices are being driven below the consensus of value for IGO during the last trading session [Selling Pressure]

[BEARISH]: Independence (ASX:IGO) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -3.32022e+007.

[BULLISH]: Independence is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

[BEARISH]: Independence current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.23. Independence (ASX:IGO) received a confirmed CMF crossover days on the Jul 3 2018. The bearish signal has been active for 3 days. During the quarter, the lowest CMF value was -0.33 occurring on the Jul 3 2018.

[BULLISH]: Independence current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 4.332.

[BEARISH]: Independence sellers in control. There has been 3 consecutive days of prices closing in the lower part of the trading range for Independence adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 91 trading days with the closing price in the lower part of the range giving a confirmation ratio of 34.6%. Over the last month there has been 5 trading days with the closing price in the lower range giving a confirmation ratio of 50%. Currently this quarter, closing price has spent 16 days in the lower price range compared to 6 days in the upper range giving a ratio of 2.7x.