IFCA price has been dropping for a long time, but on the blue highlighted area, there's a strong rebound sign, and I suspected that IFCA will rebound because it's 3rd QR will be good. but......
turn out that it's 3rd QR is not up to expectation. Although company profit has finally turn from negative to positive. But overall results has not hit investors high hope of expectation, so turn out the price continue to drop at the Red highlighted area.
Until yesterday 1st of December, the GREEN highlighted area. IFCA price has stop falling and shown another rebound sign.
What's going to happen then? My prediction is that IFCA will slowing climb back upwards.
IFCA 3rd QR has hit my expectation, but I didnt expect the price to continue to fall this low. I Still have high hope for IFCA next 4th QR and they will do better.
Attach another chart as reference.
PLEASE NOTE THAT THIS IS NOT A BUY CALL OR SELL CALL. I AM JUST SHARING MY THOUGHT AND MY RESEARCH.
Chart | Stock Name | Last | Change | Volume |
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Share price usually overshoots on the downside. Stockists had cleared a lot of weak holders and panic sellers by continually pushing price down until selling dried up. A path of least resistance has been created, I will not be surprised that this rebound can have some more leg to go.
Let's see.
2016-12-04 10:05
traderman
Just a techical rebound unless ifca has new development such as growth and jv with alibac
2016-12-03 12:03