Saturday, October 24, 2020

iFast - Are The Good Result Price In

iFast, 2 weeks before good results, smart monies already push up the price.  More or less, the good result seems to be already price in as we don't see any up movement on 23th Oct which is the result announcement.

Just watch out next week, as the price action just came out of its steep uptrend over the last 2 weeks.  First price support to be around 3.00.  Unless there some better news that yet to release, most likely, smart monies will not let the price zoom up the trap zone.


Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

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