Just a little chart analysis....
stock gave a monthly buy signal in July.
a daily buy signal came through last Tuesday.
The weekly buy signal will be generated with a close this week above 56.
A breakout signal will be generated with a move above 73.
All positive on the chart imo.
On another note...I have discovered Bell Potter put a certain fund manager on the share register in the placement last July at $1.55.
Unfortunately management at IIQ didn't know the ramifications of that....but we all know it's the kiss of death.
This goes someway to understanding the dramatic sell off earlier this year....typical regal behaviour when they decide to exit.
Institutional selling is easy to spot on a chart...look at every red candle for 2-3weeks from $1 to 60c as an example.
Pure indiscriminate selling for no fundamental reason other than....'we want out'.
Just a little chart analysis....stock gave a monthly buy signal...
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Last
62.5¢ |
Change
0.050(8.70%) |
Mkt cap ! $65.94M | |||
| Open | High | Low | Value | Volume |
| 57.5¢ | 63.0¢ | 57.5¢ | $117.5K | 196.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | 59.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 2484 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| IIQ (ASX) Chart |