IFL building for continuation into new highs

Trade Management

Current Open Alert


IFL – Ioof Holdings Limited

Stock : IFL – Ioof Holdings Limited

Current Price : 10.94

Previous Buy Entry (Trigger Level) : 9.73

New Sell Exit Zone (Stop Loss) : 10.80

Previous Partial 50% Exit (Target) : 9.98

Status : On watch for continuation higher

IFL is holding the highs and potentially set to make a run to new highs. If we see a kick up through 11.08 then we expect to see another strong leg up into a strong long term resistance zone around 12.00. We have tightened the risk level to 10.80 as price has the potential also to correct lower back to the averages. Sitting back now and watching the action.



Stock : IFL – Ioof Holdings Limited

Current Price : 9.70

New Buy Entry (Trigger Level) : 9.73

Potential Sell Exit Zone (Stop Loss) : 9.35

Status : On watch for entry trigger

IFL is on the move higher with a great structure on both the weekly and daily charts supporting a move higher. We can see evidence of buyers stepping in for a continuation move on a daily basis. We are happy to buy on a push up through 9.71 and hold risk below the higher low at 9.35. If 9.35 is traded prior to entry then we will re-assess the price action.