ILU – Iluka Resources Limited

Stock : ILU – Iluka Resources Limited

Current Price : 8.33

Status : On watch for pullback and higher low

ILU is looking good on the weekly charts as price works up off a major support zone at 5.00/5.40. We are now watching for contraction lower off 9.00 as to build the higher low we are after for the buy entry setup. The daily charts are extended so we want to see more work done for evidence of buyers stepping in for a new leg higher.