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IPL - Incitec Pivot

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Does anyone know any reasons why the stock has jumped 6% or 17c today?

Does interest rates have anything to do with it?

Any technical charting reasons to indicate it has bottomed out?
 
All I can say is people must have realised it was way over sold.

We never got an answer to why it was being sold off so I suppose we will never get an answer to why its now being bought!

Max
 
Thanks guys,
SKC, If I read correctly there were two entry points? Parabolic sar is 2.97 or more aggressive entry at 2.88. Based on the ew wave tech analysis what would be the exit point if I bought in now? It has touched 2.88 now.

Looks like an interesting thread, I'll read it more often.
 
rain rain rain the cockies are happy...reason for the surge is possible positive dividend to be announced soon.
 
thierry said:
Does anyone know any reasons why the stock has jumped 6% or 17c today?

Does interest rates have anything to do with it?

Any technical charting reasons to indicate it has bottomed out?
Click to expand...

Its still in a down trend on the daily chart, a weekly is enclosed which shows $2 as being long term support/resistance.

A fibonnaci retracement from the highs at $9 last year to the lows just below $2 this year, showed good resistance at the 23.6% retracement just recently.

It could go either way technically, but as I said its in a down trend on the daily still. The trend is usually your friend. Also the volume is pretty ordinary if something is happening.

gg
 

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3.01 is a barrier it failed to break through today.. so prob heading back down again? any thoughts on this? The range of the day is also quite large(10c).
 
big jump today.. and crashed straight through the 3.01 barrier.. the AGM seems to be the catalyst.. I can't seem to find any other info on the web
 
Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
 
I don't pay that much attention to broker recommendations as the cynic in me suggests that brokers have their hidden agendas they're trying to push with those recommendations but I noticed that Macq Private Wealth has put out a "buy" recommendation on IPL whereas Wilson HTM has put out a "sell" recommendation on IPL.

 

So Macq Private wealth are trying to sell IPL and Wilson HTM are trying to Buy IPL is that what we are suppose to read from the broker recommendations
 
Has been a good start to the year for the SP and the buy side is looking very health today, anyone tracking this and have an explanation for the recent momentum?

I Hold IPL.
 
there appears to be bullish sentiment on the future prices of fertilizer.. also with mining is picking up, then DAP prices will also pick up..

besides that i don't know any other reasons..

Some brokers have put price targets of high 3s on IPL.

I also hold IPL.
 
why is this stock getting canned in the last few days? It has underperformed the market significantly!
 
thierry said:
why is this stock getting canned in the last few days? It has underperformed the market significantly!
Click to expand...

The same reason that it has outperformed the market significantly in the weeks before that.

It's call beta!
 
Apparently Macquarie triggered a stop on this stock and some punter sold 5mil stock yesterday (maybe end of that line?) Prob why its held up so well today.
 
Buyers either came in today and supported the share price ....OR short covering....

Any thoughts on that?

Not quite sold off enough and could go to $3.20 guess wait for Mondays confirmation candle of either

Or it could rally to $3.50 maybe then continue on its downtrend. 7 day MA crossing down through the 21 day is not so good.
 
It's raining, its falling.

The farmers are dancing in the rain.

IPL looks like breaking.....................................
 

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now that IPL closed down for 5 straight down days ,

here are the look at past instances of IPL being down for 5 consecutive days and the next day change

05-10-2011 -> 10.37
26-09-2011 -> 8.03
23-09-2011 -> -8.00
08-08-2011 -> 2.40
11-03-2011 -> 0.71
21-02-2011 -> 0.00
01-07-2010 -> 0.39
25-05-2010 -> 4.04
19-04-2010 -> 1.27
04-02-2009 -> 4.68
22-01-2008 -> 5.89

Average change of 2.71 % with one being a massive loss of about 8 % , 8 out 0f 10 times the next day it closed up

disclaimer : no positions at the time of writing

2.71
 
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