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IGas Energy (IGAS): Technical Target Towards 160p While 95p Holds

By Zak Mir | Wednesday 5 June 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Shock, horror we have a down day for IGas Energy shares. The question now is whether after all the media hype, which has been almost universally favourable, the shale Gold Rush play can live up to expectations? From a technical perspective it would appear that it can, after an appropriate period of cooling off and consolidation.


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