What’s Happening to the Share Price of IPH Ltd?

What does IPH Ltd do?

IPH Ltd [ASX:IPH] provides intellectual property services across Australia and the Asia-Pacific region. They protect, enforce and manage intellectual property. IPH is the first intellectual property services group to list on the ASX.

That’s interesting, but what is the chart telling us?

What does the chart look like?

I find it helpful to bring up a chart. Here’s the daily chart of IPH.

IPH ltd chart

Source: STEX

The general market as represented by the All Ordinaries Index [ASX:XAO] has been breaking lows since mid-April. Not so with IPH shares. The IPH Ltd share price has held over the last four months while the rest of the market is getting sold down. Suggesting the company is growing revenues. The stock is in strong hands. That should make it a stock of interest.

The low at 25 August is noted on the chart. This low formed following the big Dow plunge, where the Dow lost a thousand points very quickly over several trading days.

But here’s the thing, a thousand point Dow plunge does not alter the fact that IPH is growing revenues. 25 August proved to be a great buying opportunity to add IPH and other quality stocks to your portfolio.

That’s all very easy to say in hindsight I know, but this is how you learn about markets, in hindsight. Then you can be ready for the next opportunity as it comes.

What now for IPH shares?

We could perhaps expect further positive news from this company. Let’s wait and see.

If you look at my post from yesterday on Integrated Research Ltd which you can see here, you will find they’re similar. I don’t have any concern repeating myself, because you actually need to see the repetition in the charts to believe it.

Can you see just how powerful some basic chart reading can be? You can now be ready for similar opportunities when they come in the future.

You can get started on reading the charts to guide your investment decisions by going here. It will be the best investment decision you could ever make.

Terence Duffy,
Research Analyst, Cycles, Trends and Forecasts

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Terence Duffy is an analyst and chartist, specialising in researching economic trends and cycles.  His primary focus is housing and land affordability. But you can also depend on him to offer his unique analysis of stock market charts. As Terence will show you, the charts often forecast, well in advance, the good or bad news to come — which he details in Cycles, Trends and Forecasts.

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