ICI tried to push higher on Friday with news that their game Masketeers: Idle of Fallen has reached a record revenue milestone of A$1,000,000 in just over 60 days, the fastest ever for an iCandy game. RSI is at a pretty good value area. Could be worth keeping an eye on to see if its recovery continues.
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Stock hasnt done anything for a month, but still on the watch list. Probably needs a break above 16 to be convincing.
Thanks for the analysis. Do you have any comment on today's movement?
zAngus
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@TradXBegi9, Its one of those things where it looks good to me, but still moving down the wrong way. Yesterday they announced they were added on the Samsung Galaxy store, but still kept going down. Probably something to do with the credit raise at 14c which would make you think that is the bottom, but hey. Stocks lie :) Got to be good value at 12 / 12.5 I would think...
TradXBegi9
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@Angusmck, Thanks again for your input! Still no indication of the price going up, but I guess the bounce should be very soon...
zAngus
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@TradXBegi9, yeah, I bought in at 12c today - figured that would surely be a good value area. It did go as low as 11.5, but now back up to 13 so Im up around 8% already. Lets hope it moves up some more. Be surprised if it cant get to 14 or 15 off the back of its credit raise price.
TradXBegi9
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@Angusmck, Congratulations, I can see some indications of the stock bouncing back up :) We will see if it can surpass the previous height in mid November.