IHG intellect holdings limited

REGIME CHANGE OCCURED

  1. 34,500 Posts.
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    Looks like ING got out this morning. Thus the overhanging selling pressure is gone, and all the bottom feeding daytraders have most likely left as they couldn't work out the bottom.

    Needs to break long term support (now resistance) 32.5, then could possibily rally again.

    According to Sanford p:e is 8.98 which is quite cheapish given its sector. Made a profit this year as well, though was slightly lower, but did well in tough market.

    www.intellect.com.au

 
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