Here is another view of IMC.
It's a 12 month - Weekly Chart.
It eliminates the daily gyrations.
As you can see clearly the tight squeeze of the Bollinger Bands throughout December before the breakout.
It was a clear signal that we were about to come out of that tight squeeze.
As you can see we are gradually moving north.
Showing a 12 month Weekly chart is always a good reminder to not be concerned about the small fluctuations. Sure, there may be concern about IMC's share price filling the Gap between the last and second last bar. However, you don't need to be. It's a healthy sign to fill the gap now rather than revisit it at some future point in time.
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