IFN – Infigen Energy
IFN has gone into a trading halt pending a $151 Million Capital Raising at $0.89 per share. We are happy to cancel our potential buy entry alert at 1.03 and watch how this plays out to re-assess price action when IFN comes out of the trading halt.
ORIGINAL ENTRY ALERT 15/3/17
Stock : IFN – Infigen Energy
Current Price : 1.005
New Buy Entry Trigger Level : 1.03
Potential Sell Exit Zone : 0.97
Status : On watch for buy entry trigger
IFN has been holding higher lows and is in a prime position for a kick through 1.06 resistance towards 1.225 zone. We are happy to enter a buy and watch for continuation. If price pushes below 0.975 prior to entry, then we will re-assess the price action.