--> Oversold (38)
--> Harami pattern (From 25/02/2021)
This TA alert was also executed on the (3/11/2020) and resulted in a 12% increase and therefore can be taken into consideration for a trade
--> as from my BuySell indicator has shown that there has been increased selling in shares and may possibly inhibit a reversal
--> shows the bears are controlling IRE however due to its lagging nature should be reconsidered.
--> Director Roger Sharp make a $100k investment on the 22nd which should be taken under consideration
--> Past showed an increased profit growth from 7-10%
--> A new partnership has emerged with Knowledge bank where they seek to create the first "United Kingdom fully integrated product and sourcing system".
More details on partnership: https://www.mortgageintroducer.com/knowl...
--> ASX seems to have direction which may inhibit a long trade
I would consider this stock a buying opportunity, With insider trading it shows that internal shareholders believe in IRE's future which alone acts as a major catalyst for a trade. Technicals also support a long trade so overall I would say this has potential for a swing trade or even an investment.
Any thoughts and ideas of IRE's future will be great :)
I am hoping that the price closes today above a current support level which is around $9.17.
Price action showed strong support at my given support level which i hope can now further act as a measure to bounce off upwards,
This further prompts a upward maneuver where my thesis remains bullish.
Since my last comment IRE has partnered with Listcorp to provide South Africans software to access markets. This has provided IRE with a new exposure to retail investors globally.
However this news has not been reflected in the price.
Short levels are also maintained at 1.55% so shorting behavior has not increased
Bullish movement has been inhibited from a decrease in volume there hopefully If higher volume persists a price increase will occur.
Stop loss is @ $8.86