I touched on two Singapore stocks in the previous week and asked readers whether these two stocks are poised for a “breakout”. After my posts, the two stocks did rally impressively and I raised a question to investors to the effect whether these two stocks’ rally is sustainable. Let u relook at the two stocks now.
1) iFast stock: I shared with readers on how iFast stock on 10 August 2016 had an impressive volume of 23 times of its previous day with a 3.2% increase in share price and asked whether this is the so-called “breakout”. I have shared with readers that a truly sustainable movement north might be achieved only if the resistance of $1 for this stock is broken upward. For the previous trading day, iFast stock had been closing below $1 mark, with the highest price achieved at $0.995.
2) Katrina Group stock: on ......