IFN 0.00% 93.0¢ infigen energy

IFN Chart, page-6

  1. 423 Posts.
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    IFN looks to me like a clear case of accumulation by institutional interests. Once the accumulation finishes it should start to be marked up. The spring after the supply dump in the days after the ex-div date is quite good. High volume on Friday is a little misleading because of the cross trades, but there were a lot of on market trades on Friday too with a lot of supply around $0.465-$0.47 absorbed. Each time its gone above $0.485 recently its been slapped with supply so it will need to wait until that is all bought up before it can start an uptrend.

    https://hotcopper.com.au/data/attachments/1638/1638721-e1a74513d7e27a85110cd48e45392e5a.jpg
 
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Currently unlisted public company.

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