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.
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The chart suggests IDT may be poised for a substantial upside...
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $49.40M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 11.5¢ | $49.80K | 433.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 999 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 136155 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 999 | 0.115 |
4 | 169418 | 0.110 |
4 | 393894 | 0.105 |
3 | 325000 | 0.100 |
1 | 30000 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 136155 | 4 |
0.125 | 165052 | 4 |
0.130 | 215657 | 4 |
0.135 | 50000 | 1 |
0.145 | 107601 | 2 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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IDT (ASX) Chart |