IPCO currently on TOP 3 volume has been trading in the range of 0.030 to 0.036 for about a month. Critical resistance to watch is 0.036 which was the high set in Aug last month. A break out above this level and more confirmation on the break of Critical psychological 0.040 can see it go to a new recent high to probably 0.05. Note that it has consistently traded above the 20 DAY MA for about 2 months and seems like consolidating for more upside to happen. Aggressive traders can average up on the break of 0.036 and more on 0.040. From Upward sloping supporting line, you can see that general trend has been upwards since early 2012. As long as 0.030 holds as immediate support, still a bullish counter to hold to ride any potential gains.
Stop loss at 0.029.
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