Incitec Pivot was triggered as an Algo Engine buy signal on Thursday 21st November. With an improving outlook for earnings in FY20 & 21 we’re willing to take a closer look at the upside potential.
The short-term technical indicators are about to turn positive and we’re likely to see buying interest pick-up near the $3.20 support level.
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We’ll revisit this opportunity as the entry conditions playout next week.
