INPP - International Public Partnerships - Long
Initiated long position on INPP at 154p. Strong support level, high volume from buy zone as marked on chart.
RSI 2 oversold.
Positive divergence on STOCH.
Price has made lower lows from August 2016, however, strong fundamentals, low PE ratio, increasing profit margin over last TTM.
Target 165p.
RSI 2 oversold.
Positive divergence on STOCH.
Price has made lower lows from August 2016, however, strong fundamentals, low PE ratio, increasing profit margin over last TTM.
Target 165p.
Trade closed: target reached:
Closed INPP today, price is failing to make substantial moves, need to free up capital for further trade ideas. Out at 160.
We need to see some decent volume and a break above 160 to see target of 165. Holding for now.