Technical Analysis
Looking at the extended chart for ICI, we see that the 240p support level is broken in September.
During November we see the formation of another double top. Is this a signal for further decline or the start of a new bullish trend?
The failure of the second top to break the resistance level of the first top indicates a fall and this is in fact what happens.
The information contained in this case study is believed to be correct but cannot be guaranteed. Investors should be aware that the value of investments and the income derived from them can fall as well as rise, and past performance is not necessarily a guide to future performance. The information contained in this case study does not constitute a personal recommendation to deal in any particular shares. You should consult a personal advisor to discuss the suitability to your personal circumstances and investment objectives.