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Strategies & Market Trends : Underexposed Canadian Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Underexposed who wrote (4)12/19/2017 6:01:37 AM
From: Underexposed  Read Replies (1) | Respond to of 65
 
Well let us look at the next in line...IBI Group Inc. [TSX:IBG]

Well let's see what they do

IBI Group Inc is an engineering services provider. The Company plans, designs, implements, as well as offers other consulting services and software development for its Intelligence, Buildings and Infrastructure business streams.

I don't know about you but Engineering services does not really get me excited. I suppose I am biased in this matter but let us continue with the analysis

Debt/Revenue

Balance Sheet

from the above link I find this information

CAD in Thousands... 2017-09.......... 2017-06............. 2017-03.......... 2016-12.......... 2016-09

Current Debt .....................0........................0.......................... 0...................... 0................... 78,477
Long Term Debt ..........114,442 ...........115,791 .............119,025 ..........117,060 .............92,297

Well this is a surprise... no current debt for the last 4 quarters and consistent...even slightly declining debt
I like this a lot...Now let us see its revenue

Income Statement

CAD in Thousands... 2017-08.......... 2017-05............. 2017-02.......... 2016-11.......... 2016-08

Total Revenue............... 89,828............. 93,328................ 91,366..............86,841............. 88,211
Net Revenue ...................4,574 ......... ......4,037 ............... 3,261 .................6,090 ........... (3,777)

Well... no shortage of income... after paying out the cost of servicing this debt it still turns a profit that is stable and even slightly rising.

There is nothing negative here to worry about

On to the charts

Technical analysis

Here are the first chart P&F



Not much to be negative about here. The resistance I have suggested may not be the one because it is really based on old data from back in 2013... however, if you look at the chart this rise has stalled for about 1.5 months ("B" = November). This calls the resistance at $8.10... the support is a little strong as a band from $7.20 - $7.50.

Here is the trigger chart



That call of the resistance being $8.10 is not far off when I draw that red line. Now seeing this line you can see the strength of it... It is hard to count the number of times it has been attacked and denied... While this is a tough resistance ...IF IT CAN BE PASSED it will be a strong support. Neutral

Right now it is entering a Bollie tunnel... Good news right??? May be not when you look at the indicators below

The Slow Sto has fallen below 80 mildly bearish
The MACD has a well defined neg slope mildly bearish
The BBwidth has reached a level where a trigger could be pulled any time... If it did it now... it would be a Sell Signal

We are getting mixed messages in these charts... here are two more


Oh my... At the top... the Par Sar is actually neutral right now. If the share price fall a bit you will see a reversal begin... however if the price breaks that resistance, it may be the sign of bullishness to come.... it could go either way... hence it is neutral

The Force 100 is bearish right now... it is in the mud.
The RSI(30) is bullishly neutral... bullish since it is over 50... neutral because it is flat
The DI +/- shows indecision... see how tangled it is...it could go bull or bear in a heart beat..no clues as to which so far...neutral

The ichimokus hows a potential cloud on the horizon...especially if the stock falls
The thin red/blue is still bullish though

The On Bal Vol is flat neutral
the CCI is bullishly neutral (on region of 50 but slightly above)

Conclusion

From a Debt/Revenue basis I like this a lot... good fundamentals as I see them.

from a TA point of view let us see... As you know I make my decisions canceling out BULL/BEAR indications

Bull .................. 1
Mildly Bull ....... 0
Neutral Bull ..... 2
Neutral ............ 3
Neutral Bear ... 1
Mildly Bear ...... 2
Bear ................. 1

Cancelling out opposites leaves us with

Bull .................. 0
Mildly Bull ....... 0
Neutral Bull ..... 1
Neutral ............ 3
Neutral Bear ... 0
Mildly Bear ...... 2
Bear ................. 0

Hmmmm basically almost everything cancels almost exactly to Neutral ... the mildly bear is a tad stronger than a neutral bull.

It is not often I see this... I cannot make a decision at this point... if it rises through that resistance it would be a huge BUY.... I don't think this will happen given the indicators in the Trigger chart... If the share price fell it would depend a lot on the severity of the fall...it could be quite bad if it did fall

IBG Group [TSX:IBG] is only a watch at this point in time.

_____________________________________________________________________________________________________________________________________________

Disclaimer:

I am not a registered broker. I am retired and use Technical Analysis as the main tool in my investment decisions. Accept or reject my comments as you will, but do your own Due Diligence (DD) before making any decisions based on the information I provide.

Underexposed




To: Underexposed who wrote (4)12/21/2017 9:52:21 AM
From: Underexposed  Read Replies (1) | Respond to of 65
 
I am reconsidering the price that I set for my buy of this company... it is far too low... I doubt very much that this stock is going to fall to $12.50



the share price is quite Bullish as it enters consolidation... in the upper circle the share price still has a nice positive slope overall

The Slow Sto remains high above 80
the MACD is flat with a slight negative drift... this is normal as this IS a consolation period
The BBwidth is dropping fast as the Bollies tighten however it should drop to about a value of 10 before they are tight enough for a major move.

Now eventually the share price will gravitate to the 20day SMA (dotted green line)... but where to set that buy price???

Maybe my sentiment chart will help



Yes... this does help quite a bi... first of all the indicators at the bottom in the large circle...Are still quite bullish

However you can see that the Par Sar has touched the bottom of the share price close... so this confirms a drop in price happening soon.

Conclusion

I doubt that there will be a plummet... the indicators dispute that thought... But the gravitating to the 20daySMA should be starting now.

I will raise my Limit Buy for 2000 shares of Aphria Inc TO 13.00/share effective Dec 21/17 @7:50MST

I will watch to see if this order will fill and if the stock fails to drop to this level, between Christmas and New years I may raise the Limit Buy again.

UE