Heres another one I got in this afternoon. IIF broke out of...

Heres another one I got in this afternoon.

IIF broke out of resistance at 31c today on high volume. There is no obvious resistance until the top of the gap back in December.

Weekly chart shows a similar breakout pattern without the gap, with no real obvious resistance until about 45c.

Daily stochastics is looking very overbought which is a bit of a worry and has just turned down. Weekly stochastics is rising. Daily MACD is rising solidly and weekly MACD is flattening out after a descent and just starting to rise also. Because this stock is trending the MACD is of more value than stochastics. Slight bearish divergenc on Acc/Dis but nothing to be particularly worried about.

This is a nice liquid stock.

[URL=http://img23.imageshack.us/i/iifdaily.png/][/URL]

[URL=http://img16.imageshack.us/i/iifweekly.png/][/URL]

[URL=http://img30.imageshack.us/i/iifindicators.png/][/URL]