What does iCar Asia Ltd do?
iCar Asia Ltd [ASX:ICQ] owns a portfolio of automotive websites in Malaysia, Indonesia and Thailand. They also own an automotive magazine in Malaysia. Their strategy is focused on providing online advertising services and solutions to the automotive and related industries, across south east Asia.
That’s interesting, but what is the chart telling you?
What is the chart telling you?
I personally find it helpful to bring up a chart. Here’s the weekly chart of ICQ:
What now for ICQ shares?
Of course, if you can read a chart you knew that news was coming. A decisive break of the low from late last year will be decidedly bearish. If that should happen, it would then suggest further bad news for this company. Let’s wait and see.
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Research Analyst, Cycles, Trends and Forecasts