IFL holding highs so tightening the risk to lock in further gains

Trade Management

Current Open Alert


IFL – Ioof Holdings Limited

Stock : IFL – Ioof Holdings Limited

Current Price : 11.19

Previous Buy Entry (Trigger Level) : 9.73

New Sell Exit Zone (Stop Loss) : 10.70

Previous Partial 50% Exit (Target) : 9.98

Status : On watch for continuation

IFL is holding the highs after a minor pullback to 10.82. We are happy to tighten up risk to 10.70 to lock in further gains. Although the daily and weekly charts are looking stretched, the price structure is still strong so we are looking for continuation into new highs.



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.