Not much to add re fundamentals so a few chart observations to share whilst we wait for anticipated news flow. These are opinions only.
Notwithstanding the goings on in global and domestic markets, Intiger’s share price continues to defy gravity. The market has clearly liked the news issued in February. The weekly chart shows a beautifully formed c&h pattern. There was a clear accumulation phase from 0.8c to 2.0c before the breakout and we’re in another accumulation phase 2.8c-3.7c. When the next breakout occurs (not if imo) the next resistance ~4.6c will be tested.
The daily chart shows a rising trend-support line and Thursday and Fridays’ action on low volumes showed healthy bounce off it. This trend in light of falling volume trend line is considered to be bullish. Another bullish signal was the clear formation of golden cross when 50dma crossed the 200dma back on 19/2 and the momentum is continuing.
The revelations at the banking Royal Commission are a national disgrace. Hopefully Intiger can do its share to restore some credibility back into the fp sector even if it's in a small way to assist the fp sector and therefore clientele i.e. us. Enjoyed reading your musings
@wolffboon. Good to see PC sharing pics of his workforce. I have no idea if Patrick’s trip to Hong Kong a holdiay, a stop over en route to Cebu/Manilla or part of business but I’d like to think it might be connected to expansion???.
Intiger is perfectly positioned to deliver much needed solutions to some of Australia & South East Asias largest & oldest professional services industries. Managing Director Mark Fisher will increase his focus on strategic business expansion. This will include, but not be limited to, sector-aligned global acquisitions as the Company continues to build its global profile, reputation and scale
Hopefully world markets won’t sour Intiger’s growth in the short term. GLTA, Henry.
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I don't think we will see that breakout you talk about occurring before the quarterly unless the acquisition is amazeballs. I'm personally looking forward to the quarterly, not that I expect a huge influx (although it would be nice), just looking forward to seeing if the CBA has impacted our bottom line at all.
