IPL technicals and fundamentals looking good.

[kwagga]

MACD, Stocastic and RSI all positive. Fan forming with an upside of R126.50. Low risk entry point. Stop loss @ close below R106. 44% increase in HEPS. Trading @ 9 x PE

[Pepi]

Kwagga - can't argue with you at all - my target is a little lower but when it gets there i'll use a trailing stop. I'ts been battling to get thru R115 for a while now. Patience.

[Spoegs]

Market still digesting impact of new car tax and interest rate increases later this year. I'm long IPL (at 115) vs the holding company. Mr Pretorius is leaving soon, hopefully market doesn't overreact negatively to this. IPL dividend of 220c nothing to be sneezed at though.

[kwagga]

Mr Pretorius is part of the Mcarthy group - a.k.a Bidvest if I'm not mistaken. Patience is all that is required - agreed. I'll only sell @ my stop loss.

[Spoegs]

Yip Kwagga - I probably needed to do a bit more research. IPL and Mcarthy completely different companies. Maybe need to base my trading on a little bit more than the technical correlation.