Ixla 16/6/99

Ixla looks like it may continue to form a flag formation. Usually a shape like this, should it form, is bullish for a continued move upwards. Watch the 38% and 50% retracement levels off the $4 high - calculated off the range up to $4 from the low at $1.

If one had been fortunate enough to catch this move up in January / February 99, (we didn't) price is still above the 20 week moving average so one would as yet have no reason to sell.