Bearish Aussie market penny stockpick #2 before Easter !
You know Australia stock market is a pretty bad.
Only 154 Buys out of 2027 Aussie stocks.
Today's stockpick is Axsesstoday (ASX:IMD)
Let's see some previous history data by VectorVest:
28-Mar-18 RT: 1.50
27-Mar-18 RT: 1.45
26-Mar-18 RT: 1.40
23-Mar-18 RT: 1.32
IMD.AX has a current Value of $2.15 per share estimated by VectorVest, which is undervalued compared to its Price of $1.23 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates.
As RT values are climbing, it is a good sign for a longer run.
If you have VectorVest ready, go to midas touch graph. We need only 3 lines:
MA Stop (10), MA Stop (65), and MA RT (40). Don't forget to set the timeframe into 3 months only.
Well, I know you are happy to see that graph.
However, we would recommend to HOLD and wait to see if any price actions in the highlighted area to break the strong resistance trend line.
If you bet the MACD crossover, then your stop loss is 1.12 slightly less than MA(40).
Ichimoku analysis shows strong support at 1.10.
Vectorvest suggested stop price is 1.10, too.
IMD is selected by using VectorVest Unisearch <Prudent Performers> strategy, with the stock price (split adjusted) set below $2.
Only 154 Buys out of 2027 Aussie stocks.
Today's stockpick is Axsesstoday (ASX:IMD)
Let's see some previous history data by VectorVest:
28-Mar-18 RT: 1.50
27-Mar-18 RT: 1.45
26-Mar-18 RT: 1.40
23-Mar-18 RT: 1.32
IMD.AX has a current Value of $2.15 per share estimated by VectorVest, which is undervalued compared to its Price of $1.23 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates.
As RT values are climbing, it is a good sign for a longer run.
If you have VectorVest ready, go to midas touch graph. We need only 3 lines:
MA Stop (10), MA Stop (65), and MA RT (40). Don't forget to set the timeframe into 3 months only.
Well, I know you are happy to see that graph.
However, we would recommend to HOLD and wait to see if any price actions in the highlighted area to break the strong resistance trend line.
If you bet the MACD crossover, then your stop loss is 1.12 slightly less than MA(40).
Ichimoku analysis shows strong support at 1.10.
Vectorvest suggested stop price is 1.10, too.
IMD is selected by using VectorVest Unisearch <Prudent Performers> strategy, with the stock price (split adjusted) set below $2.