IDT - Double TopA double top idea on the daily chart.
The lines show an intricate pattern of an inverted H&S with both shoulders in green.
The main takeaway is that a double top is a bearish pattern and where bears take control.
IDT
🟡 WATCHING $IDT for ENTRY TARGET @ 40.55WATCHING $IDT for ENTRY TARGET @ 40.55
Wow... look at this one just going and going and going. I think the bottom of that gap is a good place to watch... This is just based on the highs it's made so far and if it goes higher i will re-analyze a new entry
I will repost when it get’s closer if it goes that way and if it makes higher highs I’ll repost with new entry.
Look to the right. ENTRY target in grey. Sell target in green. Double position target in red. That’s it. I’m starting to also add in a few support levels to add as well.
$IDT Is A Past Winner And We're Back For More$IDT has served us well in the past when we caught the move from $8.29 to highs over $11 for a quick 37% gain. Now, after $IDT has sold off, we think the low is in and the stock is set to climb again.
IDT Corporation operates primarily in the telecommunications and payment industries in the United States and internationally. The company operates in two segments, Telecom & Payment Services, and net2phone-Unified Communications as a Service. The Telecom & Payment Services Services segment offers retail telecommunication products, including international long-distance calling products primarily to foreign-born communities; wholesale international long distance traffic termination services for tier 1 fixed line and mobile network operators, as well as for other service providers; and payment offerings, such as international and domestic airtime top-up, domestic bill payment, and international money transfer services. The net2phone-Unified Communications as a Service segment provides voice over Internet protocol products and services under the net2phone brand name, including cloud-based private branch exchange (PBX) services to enterprise customers primarily through value-added resellers, service providers, telecom agents, and managed service providers; session initiation protocol trunking services, which support inbound and outbound domestic and international calling from an IP PBX; and cable telephony services. IDT Corporation was founded in 1990 and is headquartered in Newark, New Jersey.
As always, use protective stops and trade with caution.
Good luck to all!
$IDT IDT Corp A Buy Above $8.7$IDT has been one that we have traded well in the past. The stock has a history of explosive moves. Above $8.7 and we see the stock get going and we believe we will see $10 to $12 in rather short order.
$IDT started climbing last week after reporting Q3 earnings. The highlight was the company in the quarter swung from a loss last year to being profitable. The company also reported double-digit revenue growth in its emerging segments. We believe new highs are coming sooner rather than later.
As always, trade with caution and use protective stops.
Good luck to all!
IDT - Potential fallen angel setup IDT is in our watch list for long time as a potential fallen angel pattern. It has some insider activity but its mixed. Watch for now.
IDT - Fallen angel pattern Long from $13.04 to $16.13IDT seems forming a fallen angel formation. After a huge decline, it is showing some strength now. It crossed above EMA lines & moneyflow is accumulating. We think it has decent upside potential.
* Trade Criteria *
Date first found- April 4, 2017
Pattern/Why- Fallen angle Pattern
Entry Target Criteria- Break of $13.04
Exit Target Criteria- $15.17 and $16.13
Stop Loss Criteria- $2.27 and $11.93
Please check back for Trade updates. (Note: Trade update is little delayed here.)
