Bullish Confirmation Indications
1. IFL has broken out of the long downward trendline with High Volume
2. Price Action have been impulsive which indicates that Bulls are in control.
3. The price action is consolidating against the trendline.
4. IFL is looking good on the weekly and monthly charts.
I expect IFL to pull back to the Buy Zone between $3.52 - $3.25. I think it will be a good opportunity to buy with an 18% potential gain on the first trade and 24% potentially on the second.
Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
1. IFL has broken out of the long downward trendline with High Volume
2. Price Action have been impulsive which indicates that Bulls are in control.
3. The price action is consolidating against the trendline.
4. IFL is looking good on the weekly and monthly charts.
I expect IFL to pull back to the Buy Zone between $3.52 - $3.25. I think it will be a good opportunity to buy with an 18% potential gain on the first trade and 24% potentially on the second.
Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
Comment:
Good... Price coming down as expected.
Comment:
Daily Green Candle closed in green but still not enough. Watching price action closely.
Comment:
Comment:
Price is coming down and expected to come down into the Buy Zone (between $3.30 - $3.60), waiting for a potential Buy Setup, and Bullish Price Action to take a buy position.
Comment:
Comment:
Price has dropped down correctively in the Buy Zone between $3.30 - $3.50 Zone. We can also see some shifting of Momentum from selling to buying by using MACD and we can clearly see MACD Histogram changing color. Waiting for Bullish Price Action to take a Buy Position.
Comment:
Comment:
Expecting IFL to move higher. It dropped down to the Buy Zone correctively only to reverse back up. I believe it will move higher in the days to come and may fill the Gap Window to $4.30.