Sunday, May 7, 2017

Chart[45] - iFast

The counter experienced surging buying volume upon release of latest quarter results on 28th April. Its outstanding operating profit (jump > 80% year on year) triggered a strong U turn from recent downfall of stock price. Last trading day saw its price retreat to 10 days moving average with slim volume. An entry point is presented for potential uptrend in forming. Immediate resistance is ~ 0.8

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