Today the market price of the share of iSignthis Ltd (ASX: ISX) has gone up by 7.143% which is equivalent to 0.010 points. By the end of the day, the market price of the share was A$0.150 with the market capitalization of A$150.6 million. In the morning when the market opened, the share price of ISX was A$0.145. It went as high as A$0.150. Today the opening price of the share was above its yesterday’s high price.
The sudden upward movement of the share price was due to an announcement made this morning that the ISX was able to complete its Tier 1 integration of card schemes Visa and Mastercard directly. The company had made an earlier announcement about this integration on 30 August 2018 which might have created a positive impact on the investors as the company was able to maintain its commitment.
There are new as well as existing merchants who will soon onboard the platform December onwards. There was another increase in the MSF% target by 100 Bps if contracted book exceeds $880 million. Also, there were no changes based on the EBIT guidance for CY/FY 2019.
Since the inception, the performance of the company was 409.07% The one year, five years and ten years performance of the company is -12.50%, 6900%, and 409.07% respectively.
If we look at the chart, the indicators moving average convergence and divergence line (MACD line) is above the signal line and has taken an upward movement. There are chances that price may go even high.
Sky and Space Global (ASX: SAS) traded flat on ASX uncertainty in the market.
After the investor’s presentation, there was a sudden downfall in the share price of the company yesterday. Today when the market opened, the share price was A$0.063 which is slightly up by A$0.001 from the yesterday’s close price. It went as high as A$0.065 and closed at A$0.062 which represents that the share traded almost flat on ASX today with the market capitalization of A$114.45 million. Also, as per the technical chart, the candlestick pattern for the 22 November 2018 and 23 November 2018 is a doji structure which is an indication for an upcoming uncertainty in the market. Before the occurrence of the doji, the market was bearish. The occurrence of doji led to the downfall of the share price.
Also, if we see the moving average convergence divergence line (MACD line), it is moving in the downward direction. In such a situation need to watch the upcoming price movement of the share.
Since the inception, the performance of the company is -77.90%. The one year, five years and ten years performance of the company is -57.24%, 35.27% and -64.14% respectively.
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