Ifast Corp Ltd (SGX: AIY) strong upside is set to continue after a small correction from 31st May to 28th June 2021 based on the recent technical and price actions:
1. Prices has broken out of the bullish flag after the bullish hammer rebounded from support zone 1 on 28th of June 2021.
2. Initially, the bearish evening star last Friday is set to push Ifast on a possible downward trend but the bullish Marobozu candle finish invalidate the bearish evening star formation. Furthermore, the bullish Marobozu has close above the 22-day moving average.
3. That said, prices still need to clear above the immediate resistance zone at $8.37-$8.56.