Australian (ASX) Stock Market Forum

ILU - Iluka Resources

ILU @ $6.60

I'm not buying more but the chart of Iluka is looking quite strong since rallying beyond its downtrend resistance line.
Volume, while easing, is still strong as the price consolidates at a high level after the rally.
The chosen momentum indicator has declined from overbought while the price remains steady. Room to move up.
Not closely following the fundamentals
Ikuka and Red Metal are my only rare earth tickets.

Held
Holding LT.
Not Advice, Eneabba project high risk I suspect.

WEEKLY
chartdownload (55).png
 
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