Minnesotan Investors

[Junno1616]

IFON - Beginning of August there was a symmetrical continuation triangle on the bullish side.

A symmetrical continuation Triangle shows two converging trndlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior uptrend.

Pattern Duration 69 days

Target price range Intermediate Term - 4.30- 4.70