Incitec Pivot Shares Eyeing $3.40

Technicals | May 21 2024

By Michael Gable 

The S&P/ASX200 Index is back to retesting the old high. If it can continue to consolidate here by trading sideways for a few days, then that sets us up for a move higher again.

So, for now, share markets continue to look positive from here. In terms of sector performances, resource stocks continue to remain strong and we continue to look to that area as one that we should remain overweight to.

Today's technical view is on Incitec Pivot ((IPL)).

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