A solid week for IDM once again. Mid week we saw it retest 10-10.5 support levels, only for a very bullish breakout late thursday and friday to finish the week at 12.
Sellers are thin. IDM chewed through the 800000 sell order at 11.5 with ease, and now the gates are open for momentum to continue into next week.
All the signs are there to suggest some lovely capital gains for those entering positions.
Its fair to say 14-15 short term is a very high prospect, once all 8 cylinders fire, I think a push for 20c is not far away.
IDM Price at posting:
11.8¢ Sentiment: Buy Disclosure: Held
