IFM - Infomedia Limited

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Six months ago, I gave the signals a miss because the low volume made the alert less convincing.
The ensuing rally of 50%+ has set the frame for the new signal, which is now also underpinned by better volume.
Although I haven't placed a bid yet - the stock only showed up in my eod scan - I'll definitely put it in the watchlist for tomorrow and next week.



Zooming in to the recent days, as long as 58c keeps holding, a bid around current levels looks promising.

 

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Yesterday's suggestion has meanwhile been overturned.
Might keep it on watch, but not bidding at this time.

 

[pavilion103]

Anyone watching this one.

I'm looking at a possible micro consolidation here.

After a big move up it will be interesting to see how it responds.

 

[nomadic1970]

Anyone watching this one.

I'm looking at a possible micro consolidation here.

After a big move up it will be interesting to see how it responds.

View attachment 56951

Yes, I am watching this one also. Missed the 'bigger' move just recently, so waiting and watching....

 

[jbocker]

This stock has become my favourite. I am impressed with the performance over the last two years. Not sure where it can go from here, it is above its best price for over a decade. Its service catalogues have done very well and seem to be satisfying a niche market.
I don't know what it competes with or how much further market there is. I am encouraged that it has been in the business for a long time and appears to have a sound understanding of customer requirements.

Happily holding.

 

[Jackass]

Yep I'm another happy holder of this stock. Not sure where if anywhere the price goes from here though. There is a fair bit of a premium built into the price of this stock, however not unreasonable as it is a well run profitable company paying good dividends. A couple of thoughts on possible reasons for further price increases or at least support:
1) Due to the increase in market cap of the company, it has become part of one of the major indices. I think it was the asx 300? Anyway can't remember which index it was exactly, the point is that index funds are now going to have to buy this stock.
2) If the aussie $ keeps falling, this is a good thing for IFM as the majority of their earnings are overseas.

I'm not a chartist, so offer no technical opinions, would be interested in a chartists opinion though.

 

[Jackass]

Surely Jbocker and I are not the only 2 holders of this on this forum? Would be really interested in a opinion from a TA perspective.

 

[Nortorious]

Hi guys,

I'm now a holder after buying in today. I've been tracking this for a little while and noticed it moved above its recent high today and volume seemed to have increased.

Based on my method, which is purely charts, I bought in at $1.205. Probably would have been wiser to buy after it had closed above $1.20 but I'm comfortable that it is heading North.

My method looks at the weekly weighted moving average, volume, supply and demand principles on the chart and relative strength to the overall market. Based on all the above, the indicators of my strategy say it is worth a gamble.

 

[josephsaad91]

Howdy,

Also a holder as of today @ 1.225. Also my first stock ive ever bought

Super excited!!! Already closed @ 1.235

 

[Nortorious]

Howdy,

Also a holder as of today @ 1.225. Also my first stock ive ever bought

Super excited!!! Already closed @ 1.235

Hi Broseph (I can call you that know that you are one of us after your first purchase!),

Welcome to the club and I hope you enjoy the ride.

What made you decide to purchase this stock?

I'm interested to hear how you plan to approach this trade and I'll chip in snippets of advice where I can (I'm no pro though, only a further advanced beginner...).

Also, what's your risk management plan for this? Do you have a point that if the stock price drops expectantly over the coming weeks where you would sell out?

I think you have made a nice choice for an initial stock purchase as the probabilities say this is headed upwards but with stocks, things can turn on a dime so you need to have a plan for that.

I look forward to tracking this stock with you and conversing as we go.

All the best, here's to many successful trades to come!

Nortorious

 

[Jackass]

Hi Nortorious,

Thanks for your opinion from a charting point of view. Interesting stuff. Something I noticed the other day when reading the annual report was that all the 2015 guidance is based on an exchange rate of 93cents. So if the dollar holds at current levels or falls further, all else being equal they should comfortably beat guidance for this coming quarter. So thats probably when there is going to be the next major move in the share price. Haven't managed to work out exactly what the hedging arrangements are or how much each 1c drop in the exchange rate effects the bottom line, but from what I can make out they are in a very comfortable position financially.

 

[Nortorious]

Sounds like you have your logic and reasons sorted. All of what you mentioned is news to me as I rely purely on the chart to tell me how it is positioned to grow in the future.

So long as the price heads the way we both expect it to it doesn't matter how we arrived at our buying decision. My main reason for going to a technical approach was to ensure an objective and repeatable analysis could be utilized for assessing opportunities. I was useless at fundamental analysis (might be why I didn't enjoy accounting at uni). Recognising price activity comes more naturally as well as reading the chart and being able to think a few steps ahead based on what the market is saying about itself.

The thing with becoming successful in this caper, it doesn't happen overnight but it does happen if you stick with it even after hard lessons are served up by the market. I love the game an continue to enjoy the challenge of the markets.

IFM closed at 1.265 and hit 1.275 intraday. Volume and rsi still good today so let's see what happens to round out the week... can we hit $1.30?? To be honest, I don't know but sure look forward to watching what happens.

All the best

 

[josephsaad91]

Welll...... THANK **** i sold at 1.25 when i noticed it opened lower than the 1.265 close....

GM Meeting just happened, although they have solid growth, i assume thier p/e ratio was too high, hence why everyone is selling today??

Jesus christ first buy i thought it was a safe grower.... thank god im out before **** hit the fan.

 

[josephsaad91]

I value based on p/e, roic, roe. and use tech analysis MACDH, RSI to decide when to enter, also, i look for strong performing stock that consistently are above their SMA 200

 

[Nortorious]

Quite an interesting first up experience for you Broseph! I was watching the action on my phone and seeing it dive quickly today... held my nerve as my stop loss was still a fair way off being hit. Held the fall and rebounded to close at 1.19. Will provide the opportunity to update the trailing stop loss once this goes to new highs.

It is still above 30wwma, rsi is steady and still high and volume for the week was not so bad.

Still holding and still expect it to head up despite the pullback today.
hopefully you didn't lose too much when taking into account brokerage etc.

CTD is another strong stock you may like to look at...

 

[Nortorious]

Hit a nice new high today before falling away in the afternoon. Will be moving the SL to just below the MA under the "shakeout" bar.

Hopefully Broseph is still watching the stock and learning from it. I would consider that day you sold out as being a "shakeout" day and the purpose of these moves is to get rid of any floating supply or holders that don't have the resilience to remain in the position despite an unexpected move against them...

We'll see if this continues to head North, based on the weekly chart I'm still confident the probabilities say it is heading that way...

 

[Nortorious]

Hit a nice new high today before falling away in the afternoon. Will be moving the SL to just below the MA under the "shakeout" bar.

Hopefully Broseph is still watching the stock and learning from it. I would consider that day you sold out as being a "shakeout" day and the purpose of these moves is to get rid of any floating supply or holders that don't have the resilience to remain in the position despite an unexpected move against them...

We'll see if this continues to head North, based on the weekly chart I'm still confident the probabilities say it is heading that way...

See attached chart, everything still looking fine and second last bar presents an opportunity to adjust stop loss.

 

[Nortorious]

Another couple of charts for those following this stock. It hit the high again today closing out the day at $1.30.

Looking at the first chart, close up weekly, everything is looking fairly good and the stop loss has been adjusted to reflect the third last bar's activity and shaker shaker!

From a price target point of view, my thinking is this will coast fairly easily North as there isn't really any sellers ahead from any time in the recent history. Going back to end of 2001 there was a bar that topped at $1.56 and this would be my next price target (without any mathematical modelling etc behind my rationale for this target).

I'm holding this stock and also have it in the ASF stock comp so hopefully it does me proud

Anything can happen though and the stop loss is sitting there ready to fire if it doesn't work out the way I would like...

 

[Dwib]

Hi Notorious,

Have enjoyed your commentary on IFM. Have just returned to ASF after a long hiatus and thought I would check what people were saying about IFM. I bought a couple of month ago at $1.04 and watched it go up to $1.20 and then the clear out triggered my 10% SL. I didn't get back in which in hind sight was a poor decision. I still follow the stock. Keep up the good work!

Cheers
Dwib.

 

[Nortorious]

Hi Notorious,

Have enjoyed your commentary on IFM. Have just returned to ASF after a long hiatus and thought I would check what people were saying about IFM. I bought a couple of month ago at $1.04 and watched it go up to $1.20 and then the clear out triggered my 10% SL. I didn't get back in which in hind sight was a poor decision. I still follow the stock. Keep up the good work!

Cheers
Dwib.

Thanks for the kind words Dwib and welcome back.

Nice work picking up IFM at $1.04 and unfortunate that you got hit on the shakeout. I'm still expecting this to head north so you can probably get back in at some stage. I'd say if it pushes past $1.32 you could probably get back in with the expectation of it pushing up to $1.50+...

Depends what type of trader/investor you are and what your strategy dictates but I'm still holding and will be watching with interest what happens once it tests $1.32 again. Given it has been hitting just under this week, could jump up pretty quickly if it can get through this short term res. point.

Haven't got access to charts on this computer (on my tablet and also desktop) but will keep the commentary up for this as seems a few people are engaging and keeps me honest with my view of the stock also.

All the best
N