SpoTT77

IVN on the move again

Long
TSX:IVN   IVANHOE MINES LTD
As you can see from my markups on the Daily chart, Ivanhoe Mines (#IVN) is on the on the move again however has a couple of major milestones to break through... As you can see we have two trend-lines we are approaching, one being a shorter term ascending trend-line, the other being a longer term descending trend-line. Historically, IVN trades well when working with trend-lines so I am anxious to see this round how we respond to the upcoming/approaching trend-lines. Overall I am bullish on IVN. I am looking to make a higher-high to the ascending trend line. Lets wait to see how this pans out. Cheers everyone and remember, trade safe!

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