Welcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential.
In this edition, we'll be looking at ASX:IEL ...
I believe this code is at a point of potential volatility.
If price can hold below $18.55 ... Bearish potential may be unlocked.
My key downside targets include:
- $16.25 (Conservative)
- $11.17 (Medium)
- $7.70 (Aggressive)
...
Text me if you have any questions/comments for me.
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IEL
- Previous analysis was done on 19 Oct (red arrow) -> suggested waiting for a retracement and a successful rebound
- On 8 Oct (blue arrow), suggested entry at 35.75 levels -> If followed suggestion, would be getting 9% returns in roughly 3 weeks
- Stock created new all-time high before retracing to a...
Text me if you have any questions/comments for me.
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IEL
- Previous analysis was done on 8 Oct (red arrow) -> suggested entry if there is a successful rebound around 35.75 levels
- Since then, the stock has tested the short-term support and has successfully rebounded
- If you taken the entry suggestion, you would be in gains of close to 4% gains within 3...
Text me if you have any questions/comments for me.
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IEL
- First time doing a written analysis on IEL
- Has a history of nice uptrends
- Stock tends to have strong pullbacks after the price is overstretched and far from the short-term support
- Stock has a weak test of the short-term support
- A successful rebound will around 35.75 levels
- R is less than...
$IEL - EDP EDUCATION - Running Hard.
Looks like a great business to be in. Nice profitable whale of an education dating service between overseas students and educators.
RSI has been too hot for a while so have this one on my watch list looking for an RSI under 70 to look for an entry. Closer to 60 the better.
IDP Education Limited is engaged in the placement...
For:
1. Constant and strong day trend
2. Seems to reverse at support zone which around 0.5 fib ret
3. MACD is positive
4. RSI is also positive.
Against:
It is better to wait for the candle in the long direction to acknowledge the movement before entry.
Not a financial advice.
ASX:IEL has held up well recently, max 20% below the highs and recovered quickly from the shakeout
Needs to get through 9.60
Stop loss around 9 somewhere
Expecting some resistance around the $10 mark
For those tempted to add risk in this market it looks a good one to try
New name for me
Strong chart with clear breaks from consolidation flags
breaks to new highs and weekly close of sequential '2' candle above '1' gives buy signal
