Jamiee - IFN is in my sights as well given (as you mention) the nice continuation pattern. I'd still be expecting price to drop back to around $0.63 before moving up again. I'm not in a hurry to buy as Elliott Wave suggests that the recent peak could be the top of Wave 1 of this new cycle following the low in Dec 2018 - and if right I'd expect price to roll over and slide away to perhaps $0.50, The alternative view is as per the chart below. The peak was the top of Wave 3 and we're falling into a Wave 4 at the moment before making a final dash to the top of Wave 5 (probably around $0.75). I'd want to see a break out of the pattern with a bit of volume before I move. However "to the brave go the riches" and that plan does give away a bit of profit - but it does have a much higher probability of success. Good luck.
IFN Price at posting:
65.5¢ Sentiment: None Disclosure: Not Held
