IGC 8x34 chart -- it's using the 8dma and 34dma instead of the 20/50dma we typically use. I use it with the 100dma also.
Look at IGC 8x34 -- see where it got stopped last two runs? Right at .77 (charts don't lie) -- see once it breaks .78 it will be huge. Then we go back to the other charts such as the 20x50 and weekly to see the next resistance points.
IGC a break of .78 will be huge -- That is why there are many folks excited on IGC. The volume at 50dma break needs to be HUGE and it was on Friday.
Look at EMMS perfect example of the resistance -- That's why I kept posting that once it broke .86 (resistance) it would go to 1.30 - 1.40 It Hit a high of 1.40 now 1.18
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