Well it didn't take long to consolidate the up turn, we now have...

Well it didn't take long to consolidate the up turn, we now have the 5 day SMA crossing the 34 day SMA, unsurprising considering the news flow and the uptick of the XJO although over the last 12 sessions the XJO has risen circa 5% whilst IMU 40%.

Also positive is the increased volumes coinciding with hollow green candles confirming confident closes and a willingness for S/T traders to hold over night.

I've added the 55 day SMA as I'm sure it will come into play soon

Please note volumes are ASX only for some reason Commsec give combined ASX/Chi-X volumes on quote page and ASX only on their charts and watchlist pages. With brokers using CHI-X more and more to avoid we pesky retail traders online platforms need to adapt and include CHI-X volumes on all pages. The proportion of CHI-X IMU trades is increasing notably but not so much the volume as it seems to be preferred for algo's and those tiny CXXT trades made in the hope of holding back the price for accumulation, GOOD LUCK WITH THAT!!!!