IDP Education Limited (ASX: IEL) put in a buyable gap up signal after the company announced their half-yearly results on Wednesday 7 February.
Technically, this pattern can often lead to 30 – 40% stock price upside (no guarantees of course).
Fundamentally, IDP Education is highly profitable, pays dividends, has low net debt, decent cashflow and bright prospects for the future.
I bought shares for a trade on Wednesday 7 Feb near the close at $6.80 and sold 10% of the holding into the spike on Friday 9 Feb at $7.45 to take a bit of profit off the table.
Will be interesting to see what happens in the days and weeks ahead with this one…
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