Check out this highly liquid technical breakout play

Published: Mon, 10/05/15

 

Hello fellow investors / traders,
 
I'm back from a short vacation and ready to trade. Our last couple of picks were ok but nothing to brag about with only small double digit gain potential. But gains are better than losses, right?
 
Well I've identified a technical breakout play for tomorrow with a tiny market cap and float. And it is extremely liquid.

Indo Global Exchange (IGEX) has a small market cap of just over $1.5m and is trading just below its 50 day moving average with multi-week support at $0.0013 - just below today's closing price.

With a mildly oversold RSI reading and bullish MACD, I think the technicals are aligned perfectly for a continuation of the recent breakout.

IGEX is a trader's dream. With a tight level 2, strong daily liquidity, bullish technicals and solid support, IGEX has the potential to deliver big gains in the coming days.





Indo Global Exchange (IGEX) is at the forefront of the emerging financial markets service sector, partnering with noteworthy licensed suppliers of sophisticated global trading platforms in Equities, CFDs, Derivatives, Commodities, Energies, Foreign Exchange and Options. IGEX's local knowledge coupled with world class partners gives clients security and 100% transparency, which is critical for entry into this large and relatively untapped Pacific Rim marketplace .

IGEX is aiming to position itself at the forefront of the global financial market services sector and intends to bring to Asia one of the world’s foremost online global markets trading platforms.

The company provides comprehensive online trading platforms which offer the following market access to it’s clients: Over 30 global equity exchanges for trading in securities.Over 30 global equity exchanges for trading in CFD’s. (These include Euro Zone, UK, Japan, Asia, Oceania, Canada, & USA), over 180 currency pairs in spot (cash), forwards and options. Gold and Silver trading in spot (cash), forwards and options.Global Commodity Futures exchanges including financial futures as well as Indices and Commodity CFD’s.

You can learn more about IGEX services and trading platforms at their website http://www.igex.com/ 



IGEX Announces Partnership with INVESTOR Limited, Enhancing Key Operational and Client Service Capabilities
 

JAKARTA, Indonesia--(BUSINESS WIRE)--

Indo Global Exchange Pte., LTD (the "Company") (OTC Pink: IGEX), a growing provider of online global markets and trading platforms to securities and commodities investors throughout Asia, todayannounced it has established a business partnership with INVESTOR Limited to provide enhanced back office, trading, connectivity and compliance support for customers.

A New Zealand-based financial technology company, INVESTOR Limited is innovating financial market trading systems and building upon a global surge in financial technology. INVESTOR Limited’s systems handle back office operations, commission statements, payments processing, designs trading algorithms, provides enhanced trading liquidity, and compliance assistance.

John O’Shea, CEO and President of IGEX, commented, “Partnering with INVESTOR Limited provides critical back office capabilities and support to our growing client base, and facilitates our ability to expand into new markets with an established platform. Providing accuracy, speed, liquidity and compliance support to our customers are critical to the Company’s success and growth.

“We previously announced strategic partnerships with a number of firms to expand the IGEX trading platform and distribution channels in a rapid and cost effective manner. Similarly, we believe our relationship with INVESTOR Limited will contribute to our goal of cost-effectively building a leading trading platform in Asia and other markets, providing superior products and services.” Mr. O’Shea noted that Jim Manczak, President and founder of INVESTOR Limited, brings to the IGEX relationship extensive financial service systems knowledge, including institutional FX sales, investment, and brokerage operations.

Mr. Manczak added, “INVESTOR Limited adds exceptional reporting and data analytics to back office systems and we help ensure our client’s partners are paid commissions on time. By providing these key services to IGEX, we enable IGEX to focus on front office initiatives for driving sales and growing its business.”

To read in full visit http://finance.yahoo.com/news/igex-announces-partnership-investor-limited-003000787.html

We think IGEX is a great risk v reward technical breakout play. With strong support in place, bullish technicals and tight level 2 and strong daily liquidity, IGEX has everything we look for in a trade.

Make sure you do you research and be ready for the opening bell.
 

ShiznitStocks.com
 

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