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Saxo Capital Markets Australia Limited Institutional Forms

Saxo Capital Markets Australia Limited Institutional Forms

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and welcome to your ASX chart of the day today we are looking at IDP education limited on this Friday the 18th of October code iel they in the University placement space globally and also run English tests they did report on the 15th of October now had some interesting price action since then the chart is really worth having a look at let's do it right now and you can see here that we had this bounce uh subsequent to earnings initially wasn't responded Too Well by markets but we've had this bounce which looks as though it's going to move us back into this range uh between 1383 and 1518 you can see how important both these price levels are if we look historically so the fact that we've moved up significantly in the last two days suggest an oversell possibly an over response to those earned results and should we breach 1383 it looks as though there is the potential to move back up towards that resistance level uh which would be a significant gain o

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