CFD Trading – Buy IFAST (AIY.SGX) @ $5.90. Stop @ $5.54 and Target @ $6.95.

IFAST Stock Code AIY.SGX

Outlook
Price reached a high of $7.06 on 3 February 2021 and has been on a decline. The decline has brought price to a low of $5.55, which is also the cloud and gap support zone. As price managed to stay above the gap and the cloud, the bullish trend remains intact. After a second attempt to close the gap failed, price is starting to move higher and we think the correction is likely over and a price rally back to $7.06 is likely in the next 2-3 weeks. Lagging Span is below price of 26 days ago but is above the cloud. MACD remains bullish and is rising, hinting of a price rally ahead.

Strategy                  
$5.90                 Buy
$6.95                 Price Target
$5.54                 Risk Management Stop
3 weeks              Trade Duration

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