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Measured move to 18c? possible support at 20c Very low volume...

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374 Posts.

24/09/14

15:31

Post #: 14021927
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Originally posted by ARMCH ↑

I can't/wont make a call on this nobody can. Because of the lowish recent volumes it only takes a few shaky holders to move the price and I suspect this has been the story lately with IBY. We seem to be in a soft period, particularly this week, for emerging companies and this is being reflected across the board.

Markets generally look toppy and this period close to the end of the 3rd quarter can subject stocks to movements due to fund managers rebalancing portfolios and we have had a string of geopolitical issues and media/analyst beat up about the prospect of rising US interest rates, the falling AUD and China slowing.

History shows that mostly these issues are fleeting and have no real lasting impact but probably add up to bouts of instability like we are having now.

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Measured move to 18c? possible support at 20c

Very low volume but no signs of divergence on indicators just yet

Good buying once it finds a bottom imo

E88 Price at posting: 23.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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