Iluka Resources is under Algo Engine buy conditions and the higher low support levels continue to build, as indicated by the highlighted areas. Traders can consider buying ILU and placing a stop loss at $6.79.
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Posted on | by Leon Hinde
alan@sniper.co.nz says:
Hi Leon
With the latest Signal for ILU being a SELL and red arrow I am interested in your thoughts on the opening bids on the CMC Platform as follows – it appears some really want to buy and some really want to sell.
Buyers at $8.18 and sellers at $7.19 accounting for about 30,000 shares to be sold at opening- all should meet the transaction price of $7.57. With a 4 cent div on March 5th is the signal a strong sell today or wait until after 5th when the price will (maybe) fall,
Thanks as usual
Alan
alan@sniper.co.nz says:
Amazing! As I punched SEND my pot to you ILU nose dived from 7.57 to 7.36!
Should I have more faith in the system?