IMS - Impelus Limited

[pettlepop]

"speculating on a repeat of the trading pattern last November-December. "History may not repeat itself, but it often rhymes."
I suspect many will wait out the 4-6 weeks for a consolidating repeating pattern, then a rally, but I reckon this time it will be a much shorter time frame and the upwards movement will be swift. Time is ticking here folks. Get those charts out, check them an ensure your on the next MBE rally whenever that may be. Sooner rather than later one would suspect.

 

[pettlepop]

Such low volume today, Once would suspect this has to break out shortly. The Mexican standoff will have to give way to some significant trading action. The question will be which way, up or down?
I reckon I bought in 1 week too early and should have made my entry into MBE today instead of last Wednesday. The price seems a little cheaper this week.

 

[pixel]

I bought in 1 week too early

You probably have - or possibly even more.
The Low to consider is 6.2c and in December, it dropped even a tick below the then relevant Low before reversing. I'd rather buy on the way back up when I'm reasonably assured that a reversal is in progress.

 

[pettlepop]

Appears the low of 0.062 has been hit again and she bounced Now Aussiebulls has triggered a buy signal on MBE see link below
https://www.aussiebulls.com/SignalPage.aspx?lang=en&Ticker=MBE.AX

 

[pettlepop]

I sold out of MBE at a loss, waited a few days, then re-bought back into MBE at a lower entry price of 0.054 cents, with more shares. Now lets see what happens. Its been a 4 week consolidation period in share price so we are now primed for a breakout. Hopefully in the right direction.

 

[pettlepop]

The low is firmly in place now at 0.053 cents, since that time MBE has moved up nicely to be currently sitting at 0.057. I am finally in profit

 

[pettlepop]

MBE is now moving into its 5th week of share price consolidation, a major breakout is now well and truly overdue, even on no news this could rally hard. Just going off last times share price consolidation, MBE's share price moved from 12 cents to 19 cents within a matter of a few trading days with no news, that's a 60% return on your money, NICE!

 

[pettlepop]

Within 24 trading days after the last share price crash MBE's share price shot up over 60% on no news. We are almost at the 24 trading day period. let's hope history is about to repeat itself!

 

[Cam019]

Anyone following or holding a position in this company? Up 19.70% today from yesterdays close.

Disclosure: I am long MBE.

 

[Tightwad]

only looked at it, haven't been able to dig up enough info

 

[Cam019]

@aus_trader, I have put my reply to your post here, in case others are interested.

MBE up 8% from yesterdays close off the back of positive market update this morning. MBE has confirmed (unaudited financials), that they have met their FY17 revenue and EBITDA targets.

Also stated, was the companies continued emphasis towards its performance marketing division and continued reduction of resources allocated to the direct carrier billing division until changes to external factors affecting DCB occur.

 

[System]

On December 15th, 2017, Mobile Embrace Limited (MBE) changed its name and ASX code to Impelus Limited (IMS).

 

[System]

On December 30th, 2022, Impelus Limited (IMS) was removed from the ASX's Official List in accordance with Listing Rule 17.11, after security holders resolved to remove IMS from the Official List.