iFAST: Cup-and-Handle Base Forming, Uptrend Intact
$Ifast Corp Ltd.(IFSTF)$ appears to be forming a longer-term basing structure, resembling a potential cup-and-handle pattern.
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After building this base, price broke higher and is now in an uptrend.
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The chart shows a series of higher highs and higher lows, indicating improving momentum.
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Price is currently moving within an upward-sloping channel, suggesting near-term strength.
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The previous resistance around $8.60 has turned into support, which is technically constructive.
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If price falls below the rising channel support, the next key level to monitor would be around $8.60.
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This is a technical observation and not financial advice. :)
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This stock was identified based on a signal generated by the TAT System https://bit.ly/tawpro.
Disclaimer:
This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only. Information found in Binni Ong commentary is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. She is providing education and training, and is not regulated by the Monetary Authority of Singapore or any financial regulatory body. Where past performance is referred to, it is not indicative of future performance. Examples quoted in this presentation are for illustration purposes only and do not represent any investment views or strategies. Advice should be sought from a financial adviser regarding the suitability of the investment product before you commit to invest in it.
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