Idle Media Inc (IDLM)

[wadirum1]

I agree on 56c being the key resistance.

But IDLM has been moving easily through some other pretty significant resistance points.

In the chart below, the blue line was the downtrend on the initial plunge. When we broke it in Sept, IDLM ran pretty hard, but stalled at 56c. We then tested back down to it in December and found support.

That leads to the heavy green line, which is the downtrend line that includes 56c. As Redstick has noted, we have tested it several times -- at 40c on the way down and then again twice in December. Now we are above that. [Indeed we are even above the thinner green downtrend line one gets by including the stray prints at 40c (in case someone want to quibble about those).]

Note also that the 100-day MA (red) has been important resistance in the past. We have only briefly gone above it since it stopped serving as support in April. But now it has flattened out and we were above it all day -- on BIG volume.

If we can stay above the 100-day MA (at 34c), then I think we are going to test 56. And we break that, then $1 or $1.07.