Stock: IMI
Company: Integrated Micro-Electronics Inc.
Support: 12.05
Resistance: 17.40 / 19.00
- Exhibited a breakout on bullish a pattern.
- Strong volume.
- Trading at a parabolic momentum state.
- Absence of significant resistance of up to 18.90
Recommendation
- Buy on breakout.
- Target Price: 17.40 / 19.00.
- Stop loss level: if pattern invalidated at 12.05.
