ILU is on the move so on the look out for a partial exit zone

Trade Management

Current Open Alert

 

ILU – Iluka Resources

Stock : ILU – Iluka Resources

Current Price : 9.20

Previous Buy Entry (Trigger Level) : 8.95

New Sell Exit Zone (Stop Loss) : 8.80

Status : On Watch for continuation higher

ILU has played out nicely with a push up through highs at 9.40. The price action is still looking strong but we are happy to raise the risk level to 8.80 below the last minor higher low. The is a lot of potential for a long term move on the weekly charts so we are now watching for continuation and an opportunity to take a partial exit.

 

 

ORIGINAL ENTRY ALERT 5/7/17

Stock : ILU – Iluka Resources

Current Price : $8.95

New Buy Entry (Trigger Level) : $8.95

New sell exit level (Stop Loss) : $8.34

ILU has great price structure both on the daily and weekly charts. We are now watching for an initial move higher to the $9.30 level and then continuation toward the $10 mark and the previous $12 highs.