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
