Interest builds as buyers hold higher levels and are primed and ready

Potential Buy Entry Alert to Watch IMD

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $447.01 Million Market Cap, VWAP 1.21, ASX Ranking 379, 4 Week Av Turnover $1,320,637, Current Turnover (Intraday as at time of alert) $234,802, PE 18.2, Div Yield 0.68%.

Company Overview : Imdex Limited (IMD) is a provider of drilling fluid products, advance downhole instrumentation, data solutions and geo-analytics services to exploration, development and production companies in the minerals and oil and gas sectors worldwide.

Broker Consensus : Not covered by a major broker

IMD – Imdex Limited

IMD finally kicked on higher and is showing strong signs of holding 1.20 for the new leg higher. Price still has some work to do to but its in a prime position for a run up. Price is trading around 1.20 and is oversold and the previous few times it was oversold price was below 1.00 so its a good sign that the interest is picking up from the buyers.

Stock Code : IMD – Imdex Limited

Company Website : www.imdexlimited.com

Current Price : 1.215

Status : On watch for potential higher low and push up through 1.40

Alert History

Previous Alert 26/06/19

Potential Buy Entry Alert to Watch IMD

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $454.59 Million Market Cap, VWAP 1.20, ASX Ranking 374, 4 Week Av Turnover $1,257,359, Current Turnover (Intraday as at time of alert) $2,024,128, PE 18.5, Div Yield 0.67%.

Company Overview : Imdex Limited (IMD) is a provider of drilling fluid products, advance downhole instrumentation, data solutions and geo-analytics services to exploration, development and production companies in the minerals and oil and gas sectors worldwide.

Broker Consensus : Not covered by a major broker

IMD – Imdex Limited

IMD has been consolidating for the past year but buyers are starting to build as we see volume pick up. There is still a lot of work to do but if we see a higher low build, then we may expect to see a strong run higher. Patients is the key now as we wait for the buy entry setup.

Stock Code : IMD – Imdex Limited

Company Website : www.imdexlimited.com

Current Price : 1.20

Status : On watch for potential higher low and push up through 1.40