Is the share price for I Am Gold (IAG) Breaking Out? Some of its bullish trading indicators continue to align. I had a successful trade today, purchases shares at $4.78 and selling them at $4.98. I anticipate trading the stock more in the coming weeks.
This article will focus on some very bullish upside price targets for IAG. This includes checkpoints along the way for the trade as well as an overall upside price target.
So is the share price for I Am Gold (IAG) breaking out? Let's see if that question can be answered with a little technical analysis on its stock charts. I have a good feeling there are clues that its share price has left behind.
IAG - Breakout Potential
This 2 year weekly chart with 2 Fibonacci Extension Tools overlaid on it. The black Fibonacci Extension Tool calculates to a very bullish Golden Ratio at $10.79 of a Bullish Impulse wave pattern.
Could the next leg of the uptrend be ready to make its move? If so, IAG's share price formed Wave 1 and 2 in a larger Bullish Impulse wave pattern. It is now in the process of developing Wave 3.
So what is the importance of Wave 3 in a Bullish Impulse wave pattern? You can read about some of the Bullish Impulse wave characteristics here….
If you want to continue reading this article for I Am Gold (IAG), you must first login. I look at some pullback areas to begin building a position in the stock as well as some of its upside target prices, both short and long term. There are some very bullish price targets that can yield some hefty profits, you don't want to miss out on this article.
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