Iluka. As an exemplar of a short squeeze and recent action in...

Iluka. As an exemplar of a short squeeze and recent action in OnBalanceVolume, it is useful.

On the left hand side of the chart we can see what a short squeeze can do to a stock. Admittedly, Iluka is a highly volatile stock - probably much more so than David Jones. But the action back in October, 2012 is instructive.

More recently, there might be some inkling of accumulation in Iluka, but it is not nearly as clear as it is in DJS. Iluka is showing a bullish falling wedge and a slight positive divergence on the OBV.

Once again it underlines the recent positive developments in DJS.

Thanks for the thought.

Redbacka.