Hi Lorrett,
My 61.8% Fib shows around $9.15 resistance level but depends how you draw it I guess.
Anyway, Chart shows Mid-March to Mid-April SP moving pretty well through the 50 and 61.8 Fib lines. If we can break 9.15 I think short term target could be around the 9.60 mark (50% Fib).
Also interesting to note that the 200 day simple moving average starting to negate the downtrend and could be looking at moving upwards. possible technical sign of a reversal.
Cheers.
my call is $7.70 today, page-15
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| Last trade - 11.44am 15/08/2024 (20 minute delay) ? |
| ILU (ASX) Chart |