Since breaking trend, IOU has been performing well. It should move up tomorrow, had a couple days of selling above the 43EMA, should bounce here and make its way to the 50c resistance. Entry here with a stop at 36c is good risk reward.
A daily close above 40c could see IOU start a new uptrend. Payments sector coming back into light yesterday could see some small cap stocks move. IOU has broke downtrend and is basing, so any move above 40c and close on daily will be a good starting point.
Entry now with a stop at 33c is good risk reward imo. (Just might be waiting for that pop over 43EMA)
Evening Traders,
Today’s analysis – IOU – trading at the key .618 Fibonacci where a bounce is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Swing High Objective
- Low Volume
IOU’s immediate price action is corrective, trading towards a technical location, being the .618 Fibonacci – allowing for a short term bullish bias....
I am leaning towards this bouncing higher off the 1hr trend,
If it does breakdown 0.618 (45.5c) fib looks like the next logical target, however the gap has already been filled previously so may not happen. Also, not sure if we'll get another significant opportunity to purchase below the CR price of 0.50c
Lets see how this plays out
IMO
IOU has been on my watchlist for the long term now. It was traded on sideways for past few months. Suddenly it has more volume than normal time. This stock has pumped well in the ASX stock Facebook group. That's how it has all the attention now. If there is good news coming up next Monday it's will be a good sign to jump in otherwise it will be risky to jump in....
$IOU.AX looking very bullish . $IOU #ASX
we should see a break out from this ascending triangle soon
IOUpay Limited (IOU, formerly Isentric Limited) provides fintech and digital commerce software solutions and services that enable its institutional customers to securely authenticate end-user customers and process banking, purchase and payment transactions. The...
Looking bullish currently, either breaks down on the 1D trend line resistance to test long term support or pushes through resistance...Will be positive announcement dependant IMO
Lets see what happens
IOU has news due this quarter and displaying investor interest. This is demonstrated by the green weekly bullish hammer that is currently being observed. Secondly the daily chart is showing a formation of higher lows (i.e. 13c and 14.5c, indicated by new support lines). These two points also reside within a bullish pennant that is still forming, a break above will...
Approx 60M MC, cashed up $10m, to fund operations for 1 year.
Sellers have dried up, with volume dropping off to a trickle. Today approx 300K traded. During its peak over $4m were being trading. IOU looks set for a reversal as we approach the next set of catalysts.
IOU is an BNPL for Asia. Currently revenue positive at $6m, they have now added a BNPL category to their business and rebranded. This is significant given the boom in Buy Now Pay Later sector. What makes this an interesting play for a stock listed on the ASX , is that we have an established business with existing customers in banking and other industries, in large...
$IOU.ASX Expecting 0.115c to hold for now
IOUpay Limited (IOU, formerly Isentric Limited) provides fintech and digital commerce software solutions and services that enable its institutional customers to securely authenticate end-user customers and process banking, purchase and payment transactions. The Company's business divisions consist of Mobile Banking,...
IOUpay Ltd. engages in provision of fintech and digital commerce software solutions and services. Its solutions and services enables customers to securely authenticate end-user customers and process banking, purchase and payment transactions. The company was founded by Bruce Leigh Kiehne on January 13, 2000 and is headquartered in Sydney, Australia.
ASX
