IDT 3.85% 12.5¢ idt australia limited

chart

  1. 967 Posts.
    lightbulb Created with Sketch. 272
    The chart suggests IDT may be poised for a substantial upside move. I added to my position last week in anticipation.

    IDT appears to be forming a neat Inverse Head and Shoulders formation, one that's been a little over a year in the making. Notable is the huge increase in volume since the base of the head was formed - usually a very promising sign.

    However the formation has yet to be confirmed - the right shoulder is not yet completed. A weekly close above 31c is what's needed.

    The weak $A is no doubt boosting IDT's potential profitability. It's probably not entirely a coincidence that IDT's 14 year decline from its all time high started in 2001, the same year the $A bottomed out and started a 10 year upward run.
 
watchlist Created with Sketch. Add IDT (ASX) to my watchlist
(20min delay)
Last
12.5¢
Change
-0.005(3.85%)
Mkt cap ! $53.69M
Open High Low Value Volume
13.0¢ 13.0¢ 12.5¢ $5.317K 41.12K

Buyers (Bids)

No. Vol. Price($)
3 561199 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.5¢ 200054 3
View Market Depth
Last trade - 16.10pm 24/07/2024 (20 minute delay) ?
IDT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.