Potential Breakout - $2 Price Target Capital raised recently with nice price consolidation above $1.50
Price trending up to test 1.82 level. Look for weekly close above this level + an increase in volume.
Price target $2.
FY20 guidance reaffirmed in April. High level or reoccuring revenue. Underperformed tech and Saas stocks during the covid rebound.
Good long term outlook.
Although a potential +7-10% trade, I also holding this long term if earning growth of ~15% can be sustained.
IFM trade ideas
$IFM - INFOMEDIA - Running up before earnings$IFM - INFOMEDIA - Running up before earnings
Earnings are out on the 21st of Feb and in the past the share price has had a pretty good response in the days and weeks after. Bit of volume coming through. Very gappy marke depth on both buyers and sellers sides which I don't like. Added to the watch list to see if it moves much more before the announcement.
Infomedia Ltd is a technology company. The principal activities of the Company are development and supply of Software as a Service (SaaS) offerings, including electronic parts catalogues and service quoting software systems, for the parts and service sectors of the global automotive industry, and information management, analysis and data creation for the domestic automotive and oil industries. The Company's segments are Asia Pacific; Europe, Middle East and Africa (EMEA); and Americas, which represents the combined North America and Latin & South America segments. The Company offers various solutions, such as Parts and Service, Data Management and Future Motors. The Company's Parts and Service solutions include Microcat, Superservice Menus, Superservice Triage, Superservice Insight, Superservice Connect, Superservice Register, Auto PartsBridge and Microcat MARKET. Its Data Management solutions include Lubricants Recommendation, Lubrication and Tune-up Guide and Data Consulting.
