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

New Sell Exit Zone (Stop Loss) : 9.42

New Partial 50% Exit (Target) : 9.98

Status : Taking a partial exit at current levels

IFL has struggled above 10.00 with a minor double top making price look heavy. We are expecting to see a pullback so are happy to take a partial exit at current levels 9.98 to lock in some gains. Risk is now at 9.42 we will sit back and watch to see how this plays out.

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.