IMS - Impelus Limited

[piggybank]

 

[piggybank]

Up another 10%....

 

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... and slowly down they came ...
But... if the recent liaisons bear fruit, we could well have reached support at the half-way mark.



For the short-term, I treat it as a trading opportunity. If the trend reversal is confirmed, we could see it revisit January Highs or even break beyond.

 

[VSntchr]

I don't follow MBE closely, but this result looks pretty decent.

Capital light model with significant margin expansion possibilities.


Biggest question for me is the competitive position and how big potential barriers to entry are for this industry?? What's stopping another provider or a giant like PayPal or google from squashing them?

 

[pixel]

While the January Highs are still a lot above, the channel breakout offered a nice profitable trade.
This morning's announcement, while claiming success, conceded that all was not quite as well as some sectors of the Market might have hyped up. Hence the immediate sell-down.



If I hadn't taken profit early last week, today was definitely the time to sell the gap-up.

 

[goccipgp]

Short term chart technicals point to a higher price. Six months target: 0.304 at au stoxline.

 

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Short term chart technicals point to a higher price. Six months target: 0.304 at au stoxline.

I could live with that Matches my target from the recent range.

Assuming that 28c is becoming support, I'm adding for the next leg up:



trailing stop raised to Close Below 27.5c

 

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Case in point: The assumption failed to materialise. Plan B came into play.



Now we have the low gap closed, pullback to the middle of the range making a third Higher Low, and a Harami in the making. Entering today would carry some risk, which can be minimised by a tight stop. But it would allow averaging up at 25c if yesterday's gap (above the red candle) got closed.

 

[pixel]

Back to Ground Zero.
Coming out of a Trading Halt with news of a "complimentary" (sic!) acquisition -
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01576468
I'll be watching this morning's action for a chance to re-enter around 21c;



21.5c must become holding support; if it does, I'll buy with the assumption that the overhead gap be filled.

 

[pixel]

Nice bounce from the basement below "ground zero". I'm back on.
Targeting 25c ... and beyond?

 

[pixel]

Nice bounce from the basement below "ground zero". I'm back on.
Targeting 25c ... and beyond?

It took a little longer than I thought back then. But the "... and beyond" has come true after all.
Just in case anyone is interested, after a few swingers in recent weeks, I've bought today's break, intending to hold as long as sp stays above 38c.



PS: Fundamentalists will be interested in this: http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01691671

 

[VSntchr]

Just in case anyone is interested, after a few swingers in recent weeks, I've bought today's break, intending to hold as long as sp stays above 38c.
PS: Fundamentalists will be interested in this: http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01691671

Im watching mate. Been in a trade since the recent AGM. Strength has been great - as opposed to historically, where post-news runs have been sold into heavily.

 

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Im watching mate. Been in a trade since the recent AGM. Strength has been great - as opposed to historically, where post-news runs have been sold into heavily.

that may still happen; but I take heart from the similarity between today's candle and the one on Nov 19th.

 

[pixel]

No further news, other than directors receiving lots of unlisted options.
Still, trading is approaching resistance; although 40c offers form a long line, it won't surprise me at all if they were taken out in a flash.



I'm holding and watching for a break into more blue sky.

 

[leyy]

Holding with interest.

Been holding MBE since 2013.

Have a decent sized position as I have topped up twice during its retracement.

Heavily in the green here

Looking forward for a breakout post 40cents

 

[leyy]

No further news, other than directors receiving lots of unlisted options.
Still, trading is approaching resistance; although 40c offers form a long line, it won't surprise me at all if they were taken out in a flash.

View attachment 65217

I'm holding and watching for a break into more blue sky.

There she goes over the 40c mark.

 

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... and back down from 44c.
Let's try that again now. The expansion plans into SE Asia and further West ave been well enough communicated. See the announcements that explained the 30c cap raising.
Those new shares will hit the Market in 3 days' time. Will they lead to quick profit taking? Or might the investors that were scaled back try and fill their portfolio on-Market? If the latter, we could see the double bottom come into play.



I hold and will make my decision depending on upcoming trades.
(The overhead gap does look attractive though.)

 

[pixel]

I feel rather sorry for holders that were unable to get out in time.
Earlier last year, I was also a holder, but trading it under speculative rules. After all, it's still a start-up company in a crowded sector. While I take note of announcements, forecasts, and plans, I base my buy/sell decisions on technical considerations. Or call it Market sentiment. Which is a very fickle beast.
The Germans call it "Himmelhock jauchzend. Zu Tode betruebt." = "Sky-high jubilant. Suicidally depressed." (And all in the space of days or even hours.)

At around 6.5c, I might take an interest again, speculating on a repeat of the trading pattern last November-December. "History may not repeat itself, but it often rhymes."

 

[pettlepop]

MBE in Heavily Oversold Territory looking for a nice bounce trade today. The Relative strength index has fallen to the floor.

 

[pettlepop]

In MBE as of today @0.068 cents with a nice big parcel.

• The charts saying oversold,
• gaps filled on the downward,
• sellers have dried up
• Time to see if this baby has legs to run???