Uptrend channel intact after forming a higher low at around SGD8.20 (previous low around SGD6.15). If the uptrend channel is used to gauge price trajectory, the price may rise up to above SGD10.60 thereabout before hitting the resistance of the uptrend channel.
MACD has a positive crossover in the last week and trending higher from a low base.
RSI trending higher as well and it has not hit the overbought level of 70. Current RSI around 66. Even if RSI goes into overbought territory, there is a possibility that it will hover at overbought territory.
As of writing, price is trading at SGD9.14.
I HOLD a position in iFAST. Please practise your own discretion and this article should not be taken as a solicitation to purchase the mentioned security.