Trend Table for IBC - Ironbark Capital Limited

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 15	C	Weak or Absent	Down	Down	Down	7.48%
May 14	C	Weak or Absent	Down	Down	Down	8.70%
May 13	C	Weak or Absent	Down	Down	Down	8.70%
May 10	A	Weak or Absent	Up	Up	Flat	3.93%
May 9	A	Weak or Absent	Up	Up	Flat	3.93%
May 8	B	Weak or Absent	Up	Up	Down	5.07%
May 7	B	Weak or Absent	Up	Up	Down	5.07%
May 2	A	Weak or Absent	Up	Up	Up	2.79%
May 1	A	Weak or Absent	Up	Up	Up	3.93%
Apr 30	A	Weak or Absent	Up	Up	Up	1.68%