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What are MM’s thoughts on the surge in IGL’s share price?

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Question asked 12/11/2022

What are MM’s thoughts on the surge in IGL’s share price?

Hi One question and a request if I may: Do you have any idea what has put a rocket under the IGL share price this week (assuming it doesn't tank after I've written this on Wednesday). There haven't been any ASX announcements so there are no obvious catalysts. Do you have an updated PT for it assuming the share price stays at these levels? When you send out trading alerts you say whether you're taking a profit or a loss on the trade (which is appreciated). Is it possible to include your buy price for the stock, or maybe the percentage gain or loss just as a reference point. Cheers Carl

Answer

Hi Carl,

IVE Group (IGL) shares have “popped” nicely this week making fresh 5-year highs in the process. We feel most of the recent buying would have been trending following systems that buy stocks that make fresh monthly/quarterly highs but while the stock holds above $2.50 it clearly looks good having rallied over 60% since June.

Unfortunately with the trading alerts to peoples phones (text) we are limited by the number of characters, obviously the website is the ideal source of all truth for members clearly displaying all of MM’s transactions & views, including buy prices, percentage gains, returns over time etc.

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Ive Group (IGL)

LAST UPDATED 10/11/2022 16:24

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