IFAST: Potential Long Opportunity
Published On: 23 September 2024, 9:50 AM | Alex Lee, Assistant Manager, Dealing
Key Entry Price Pivot(s):
- $6.99
- Long at $7.05
- Stop Loss at $6.95
- Take Profit at $7.40
- Short at $6.96
- Stop Loss at $7.17
- Take Profit at $6.72
- 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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