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IPH Australian Patent Trending Down, page-5

  1. mdesai
    456 Posts.
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    14/01/21
    10:49
    Post #: 50160463
    IPH has huge headwind, trading at higher price compare to book value, has higher debt to equity, earning growth is under pressure. SP has to retreat fair bit to bring at fair value.
    Technically, now it is in bearish territory. Buyers have abandoned and sellers will start flocking as it heads towards $5.80.

    https://hotcopper.com.au/data/attachments/2807/2807319-fdc5b72d29476bfb625c9f114476520d.jpg
    Watch for $5.50 break.
    IPH Price at posting: $5.92 Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch. 1  Great analysis
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