Current Open Alert
ILU – Iluka Resources
Stock : ILU – Iluka Resources
Current Price : 9.47
Previous Buy Entry (Trigger Level) : 8.95
New Sell Exit Zone (Stop Loss) : 9.00
Status : On Watch for continuation higher
ILU has struggled a little around resistance at 9.50/9.60 but still looks ready to kick through to new highs. We see the higher lows holding and build the fuel needed for a move higher. We are happy now to raise the risk to lock in a breakeven trade and watch for continuation to new highs.
ORIGINAL ENTRY ALERT 5/7/17
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.