IDP Education Limited

ASX:IEL

IDP Education Limited

ASX:IEL
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$8.81 (+3.6%)
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#55
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19
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34
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Reports (5) My Report Forum Investors
Forum Topics IEL IEL Bull Case ?

Pinned straw:
Saiton
Added 3 months ago

Click on link to see charts and comments

My Google drive
Rick
Added 3 months ago

Thanks for your detailed explanation of the IDP Education chart @Saiton. That sounds positive! I focus mostly on the fundamentals and I believe this has cost me dearly at times.

I believe the MACD chart supports your bullish view. That is if I can trust my very basic MACD charting skills. If I’m interpreting this correctly, the charts indicate a “Bullish Divergence” for IEL. Correct me if I’ve got this wrong @Saiton.

“When MACD forms highs or lows that exceed the corresponding highs and lows in the instrument’s price, it is called a divergence. A bullish divergence appears when MACD forms two rising lows that correspond with two falling lows on the price. This is often a valid bullish signal when the long-term trend is still positive.” https://www.investopedia.com/terms/m/macd.asp

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In the case of IEL this occurred on three consecutive points..

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Source: CommSec app chart settings.

Held IRL and SM (top four company by weight)

7
Arizona
Added 3 months ago

@Saiton thanks for sharing that. Much appreciated.


5
Saiton
Added 3 months ago

Yes youve got it however it can hide and be difficut to see as sometime it wont show up on the Macd. I could show up on the Stochastic Indicator or the Rsi/Stochastic indicator. But in essence that is correct. The probability gets even better after the First wave 1 and 2 retarce and then the minor 1/2 that follows. If you let those form as well, then the probability that it will be heading higher for wave 3,4,5 is even better before the next major retace.

9
RhinoInvestor
Added 3 months ago

@Saiton thanks for sharing. I’m a long term holder on this one. Have an average purchase price of about 14.5 but have been selling covered calls (that hopefully stay well out of the money as i want the long term recovery) that are yielding about 7% annualised return.

Your insights are really interesting as I want to make sure that those positions arent caught out by a short term bounce so the upper end of your wave was of particular interest.

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