up today, page-6

I've been very impressed with ILF the last few sessions. I bought in on Tuesday & Wednesday (3 parcels in total at .11c) only to sell the lot on the open on Thursday as I have a very strict trading plan and thought it was going to come off a bit (well it didn't lol). Probably turned out to be a good thing given the capitulation of world markets over the last few sessions but I was surprised to see ILF ride out the general market plunge on Friday. Some tight hands now holding it would appear. I feel we may see some downside tomorrow as the ASX will most likely take another beating but it will most likely be short lived as accumulating resumes. Fair support below atm with a couple of trendlines coming through (blue)

Watch for a cross of the 41EMA & 195EMA, they got close in Oct/Nov 09 but couldn't manage it. If they can manage to cross soon (which looks on the cards imo) then watch out here imo this thing could run hard. If it can break through the green resistance line below and then through 17c it could end up at .23c very quickly. ALL IMO

5 month DAILY chart with DAILY stochastic