IPL 0.00% $2.88 incitec pivot limited

ipl chart

  1. 14,914 Posts.
    IPL looks good to me. She's broken out on high volume, all of my indicators are pointing up and theres not much overhead resistance. Volume has broken out with price giving some confirmation of the move. Weekly chart looks great. Shes bottomed out and looks to be starting a new uptrend. Market depth is 7:1 on the buy side. Will be waiting to see how this closes today.

    Only problem I can see with it is Acc/Dis is diverging with price which is bearish. Thoughts good or bad?

    [URL=http://img36.imageshack.us/i/ipldaily.png/][/URL]

    [URL=http://img38.imageshack.us/i/iplweekly.png/][/URL]

    [URL=http://img26.imageshack.us/i/iplindicators.png/][/URL]

 
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