Trade Management

Current Open Alert

IFL – Ioof Holdings Limited

Stock : IFL – Ioof Holdings Limited

Current Price : 9.98

Previous Buy Entry (Trigger Level) : 9.73

Sell Exit Zone (Stop Loss) : 9.35

Status : On watch for continuation

IFL has kicked on nicely and is set to push up through the 10.04 highs. We are now watching for an opportunity to take a partial exit and lock in some gains. The weekly chart price structure is ideal for a push up to highs around 10.98 so we will look to see how price action reacts at the 10.75 level for a partial profit target.

ORIGINAL ALERT 21/7/17

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.