ASX' Compliance Update 02/18 has resulted in small/medium cap company announcements being questioned/scrutinised by ASX whether they are price sensitive or not. ISX would not be able to release any information about prospective new clients until agreements between both parties had been signed and ASX approve a company announcement. It can take an inordinate amount of time to have contracts drawn up, agreed to and executed by parties particularly if the client is a large corporate entity. ISX's clients are complex corporate/financial entities.
Their candestick chart is interesting [view website] - I couldn't get the snip to paste below.
ISX.AX ISIGNTHIS Last Signal:BUY
Last Close: 0.1950 Change: +0.0100 Percent change +5.41% Signal Update Our system’s recommendation today is to BUY. The BULLISH STOP LOSS pattern finally received a confirmation because the prices crossed above the Stop Loss level which was at 0.1800, and our valid average buying price stands now at 0.1900. The previous SELL signal was issued on 24/05/2018, 7 days ago, when the stock price was 0.1700. Since then ISX.AX has risen by +11.76%. Market Outlook A rally after a bear setup can occasionally turn into an explosive long trade. We may be on the verge of catching one of them. There is now a strong positive sentiment in the market despite the absence of a bullish pattern. The bullish stop loss is finally confirmed and a BUY signal is generated. Market wants to reward the bulls. It may be now the right time to be part of this boost and bullish market sentiment by joining the growing bullish crowd. more...
I also noticed aussiebull's previous SHORT selling advice for 2018/2017 and this might explain to some why the unanticipated falls in SP during 2018 and 2017.
