IFAST: Potential Long Opportunity


Published On: 23 September 2024, 9:50 AM | Alex Lee, Assistant Manager, Dealing

Key Entry Price Pivot(s):
  • $6.99
Recommended Trade:
  • Long at $7.05
  • Stop Loss at $6.95
  • Take Profit at $7.40
Alternative Case
  • Short at $6.96
  • Stop Loss at $7.17
  • Take Profit at $6.72
Remarks:
  • Looking at the daily chart of IFAST, we can see that the price has bounced off from the support level of $6.78.
  • Currently, price has rejected the support line as well as the 20-moving average with significant volume thereby presenting an opportunity for going long.
  • We may see price extending towards the next resistance level at $7.40.

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