IFC, Short, 1h✅ IFC is showing overbought conditions and is likely to pull back slightly, presenting a short-term opportunity towards the key support at 265.75.
SHORT 🔥
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Intact Financial Corporation Non-Cum Pfd Registered Shs Series 13
No trades
Trade ideas
How do you like them channels?Strong channel from the pandemic lows. Not getting the volume yet, but this may be early. Key is the 55 EMA as it has been strong support along the way. Not oversold daily and running sell divergence monthly. Shorts in this market need to be choosy but this wouldn't be the worst choice.
Potential Crapper200 - 500 SMA moving channel trade on the daily. Target 176ish. Stop double close above recent high.
long position on IFCMy strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maket
IFC is likely to keep pushing higherIntact financial stock price has been resilient and clearly maintained its upward momentum. IFC stock’s average yearly returns are almost 12.7% which makes sense given its low volatility.
Shares of Intact financial is likely to continue upward trend toward a price range between 220 and 250 by the end of 2023. If price falls between 184.8 and 190.5 it would make an attractive buying opportunity.
The worst-case scenario is to see IFC stock price trades between 165 and 178 by the end of 2023 which is a decline between 10 to 20% from current level.
WAITWait for a sensible retracement to BUY.
When the price will touch the bottom of the channel and bbounce back that's a good moment to buy
Cycling Intact Finacial (TSX:IFC) may test previous ResistanceIntact Finacia TSX:IFC) l has recently been cycling. The Chart Indicators suggest the likelyhood of a moderate gain for short term speculators.
