Just pointing to the fact that technically over a 1yr chart and also a 2yr chart ifl looks set to bounce. The linear regression line and the trend lines are at points that seem to me to be of interest even as one hibernates.
The 2yr suggests some more room to move lower (fractionally) and the 1yr looks about right to go.
There are other indications supporting my view, however simply I would be very surprised if buyers do not outweigh sellers in the months ahead in a gradual return to the low $9 range and on to $9.60ish as a mid range target. $10 is always a barrier in such cases but in a year or so it will be well and truely tested I reckon.
I agree with the buy and hold but ifl is a recent aquisition for me so I appreciate any comments. For what it is worth I see no regulatory issues nor real obstacle, just some technical movement.
IFL Price at posting:
$8.60 Sentiment: LT Buy Disclosure: Held
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