chart

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.