IIF 0.00% 53.5¢ ing industrial fund

IMO someone has been accumulating this stock for the last few...

  1. 566 Posts.
    lightbulb Created with Sketch. 4
    IMO someone has been accumulating this stock for the last few weeks. Keeps getting taken out in big chomps while a lid is currently being kept on it at 51 - 52. Could break out in a big way according to the chart when it breaches 52 with conviction. Jumped on this at 32 and 36 and has been a fantastic ride. Has been holding beautifully above 48 on these last two down days so with a green dow should do well tomorrow after a strong close today. IMO is forming a new base at the 48-50 mark before it tries to break through resistance at 52. Has been very little chatter on this stock compared to some of the others REITs I hold such as GMG , VPG and BBI. Someone said the other day on here the quiet ones are often the good ones.

    On another note I saw posted on I think it was the GMG thread a Citi recommendation for IIF at major underweight and 5c. Someone in the know clearly disagrees. Good trading everyone.
 
watchlist Created with Sketch. Add IIF (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.