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Incitec Pivot Ltd T.IPL


Primary Symbol: ICPVF

Incitec Pivot Limited is an Australia-based manufacturer and supplier to the resources and agricultural sectors. Its segments include Asia Pacific and Americas. Asia Pacific segment includes Fertilisers Asia Pacific (Fertilisers APAC) and Dyno Nobel Asia Pacific (DNAP). Fertilisers APAC manufactures and sells fertilizers in Eastern Australia and the export market. It also manufactures, imports and sells industrial chemicals to the agricultural sector and other specialist industries. DNAP manufactures and sells industrial explosives and related products and services to the mining industry in the Asia Pacific region, Turkey and France. Americas segment includes Dyno Nobel Americas, which manufactures and sells industrial explosives and related products and services to the mining, quarrying and construction industries in the Americas (Canada, Mexico and Chile) and initiating systems to businesses in Australia, Turkey and South Africa. It also manufactures and sells industrial chemicals.


OTCPK:ICPVF - Post by User

Comment by paragonIon Jun 06, 2019 4:00pm
85 Views
Post# 29803777

RE:RE:We've been down here before

RE:RE:We've been down here before
Sirius1421 wrote:
Sirius1421 wrote: I know of no news why IPL has dropped 30 cents today. Perhaps just an absence of buyers after it failed to advance beyond $20.80 recently. I'm not too concerned about this as there is still support between $20.15 and $20.20 where it bottomed in mid-May. I would be concerned if it broke that support level, but I don't think it will go that low.
jgzer, nova et all your nicks, seems your ignorance about the investing shines through brightly. FL!

Actually, now that I've had another look at my charts, I became aware of what may be the reason for today's share price drop. A downtrend line had formed by connecting the daily high on June 5th and May 30. When the SP approached that line at the open but then was knocked back, I think it may have caused persistent technical selling. The new challenge will be to break through this newly formed downtrend line, whcih I think will happen sooner rather than later. GLTA.



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