weekdays charting from 24th oct to 28 oct 2011, page-62

andy

idl daily

whoa...

ok gapped right over the minor downtrend and over 41 ema

big move, after testing right on the bottom of most relevant high vol bar to the left

looks like a conscious, purposive move to gap the stock over potential supply

now is about to butt its head up into the top of the broader downtrend channel

and slow stoch about to hit some resistance from below

so caution required here for any new entrants, however if holding long, you'd be happy as larry laffer

for ST entrants you may consider a bounce off the top tyne of the red fork / 41ema, but wary as still in broader downtrend at that level