ITX share price tumbled at the beginning of the year as it failed to be a major player in the software market...from around 700 to 95 then 100 where it formed a flat base...just as the company is about to enter the pre-results closed period, directors surprised the city with hefty purchases...
"Chairman Richard Jewson bought 10,000 shares, chief executive Simon Baker 200,000, Simon Miesegaes 80,000, Phil Sant 200,000 and founder Mark 130,000."
Thus causing the price to jump up +17 (16.1%) to 122.5...
Chartwise as it's known ticking up above a Flat Base formed in a length of time may bring about very powerful advances...RSI formed a big U bottom which may turn into a cup&handle pattern (Darth's favourite
), stochastics also forming similar bottom shape...
Looks like directors know what they are doing this time, I'll be watching them...
Riz
(no financial advice intended)
"Chairman Richard Jewson bought 10,000 shares, chief executive Simon Baker 200,000, Simon Miesegaes 80,000, Phil Sant 200,000 and founder Mark 130,000."
Thus causing the price to jump up +17 (16.1%) to 122.5...
Chartwise as it's known ticking up above a Flat Base formed in a length of time may bring about very powerful advances...RSI formed a big U bottom which may turn into a cup&handle pattern (Darth's favourite
), stochastics also forming similar bottom shape...Looks like directors know what they are doing this time, I'll be watching them...
Riz
(no financial advice intended)
