) Technical Analysis
Current Price: 3.465
Summary:
- IO is facing a key resistance zone between 3.50 and 3.55.
- Breaking above this zone could push the price to 4.00.
- If it fails to break through, the price might drop to 3.00.
- The RSI shows a neutral market sentiment, while the MACD suggests a possible bullish trend.
Analysis:
- IO has been trading between 3.00 and 3.50 for the past week.
- The Bollinger Bands are narrowing, indicating a potential breakout.
- If IO breaks above 3.55, it might retest its May highs.
Stay tuned for further updates and analysis.
