Tag: IFAST

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

IFAST Stock Code AIY.SGX

Outlook
Price broke above the cloud three days ago and has stayed above the cloud since that breakout. Price has also reached a previous high resistance and a breakout of this resistance point could bring price higher to the N price projection at $4.51.  Conversion and Base lines had a bullish crossover earlier, hinting of a bullish price trend. Lagging Span is above price of 26 days ago as well as above the cloud, confirming the bullish trend. MACD remains bullish and is rising, hinting of a price rally ahead.

Strategy                 
$3.94                 Buy
$4.50                 Price Target
$3.64                 Risk Management Stop
3 weeks             Trade Duration