IFX has a good potential to go up (More Confirmation Needed)

1 Mei 2020

IFX has a good potential to go up and is showing signs of bullish strength although more confirmation is needed. Before one considers to buy , I think closing considerably with a bullish candle above the green line (17.6 ) is needed as a confirmation .Once we break that level , it is likely to be heading towards around the 19 area and once we close considerably above the 19 It is very likely to continue up towards the 23 mark .It might also remain stuck between the 17.6 and 19 area for some time before breaking above the 19 , so I think one could take part of their profits at 19 if they are concerned but It would be wise then to hold most of the stocks (Unless we close again below the green line) because IFX has a good potential (Long term) to reach the 23 .