(Not Financial Advice)
IFT has done well and expanded into the renewable market in Asia which is a positive sign for growth. However the company is due for a pullback in the near future as it has remained in the overbought section of the RSI
( Relative Strength Index ) for some time now. On the monthly chart IFT still looks strong but on the weekly chart we can see the early stages of the pullback beginning.
Over all bullish on IFT it has continuously performed and is on a bullish up trend, as we all know nothing goes up in a straight line there must be pullbacks to maintain a healthy trend.
IFT has done well and expanded into the renewable market in Asia which is a positive sign for growth. However the company is due for a pullback in the near future as it has remained in the overbought section of the RSI
( Relative Strength Index ) for some time now. On the monthly chart IFT still looks strong but on the weekly chart we can see the early stages of the pullback beginning.
Over all bullish on IFT it has continuously performed and is on a bullish up trend, as we all know nothing goes up in a straight line there must be pullbacks to maintain a healthy trend.