IMCL
IMCL has been a short in the technicaltrades.net portfolio for a couple of months and the position only enjoyed a few days in the green before getting squeezed nicely. In fact, the port has 2 positions for it. Technicals have now changed for it, and the bias is clearly long. The shorts will be closed for -20% and -8.5%. Average loss on the double position is 14.25%. A long position will be established at current prices of 33.36. Stop on bullish bias while above 30.09, which is gap support from October 10th 2006. 43.00 resistance is a good target for it.
