Chart Source: Poemsview 14th May 2018
IFast provides investment solutions to financial advisers, financial institutions, insurance companies, pension fund managers, retail and accredited investors, and multi-national companies had a fantastic two days run up with close to 8% upside since our entry price.
More info about IFast HERE.
3 Simple Reasons for the possible run up
- IFast Broke above our long term downtrend line which we drew starting from june last year.
- IFast Broke above the 200 days moving average which is a respectable moving average that investors looks at
- Volume started coming in on last Friday which was the HIGHEST for the year until Today.
With that we sent out our trade analysis to our exclusive clients informing them this potential set up at $0.945
We are glad that is has hit our second target of $1.02 before some profit taking came in.
A huge volume today with a closing like this is not that ideal for now, we will like to see IFast close above $1.02 in the coming days in order for it to move higher if not more profit taking might drag it down.
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