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**IFN**

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[BULLISH]: IFN (ASX:IFN) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 96870.5.

IFN has broken the first Woodie resistance point ($0.464) [Bullish]. Look for a long limit order entry near this point. Exit price for IFN should be set @$0.464 & Stoploss for IFN should be set at $0.434

**IFN: Moving Average Convergence Divergence [Bearish]**

[BEARISH]: IFN currently has negative MACD of -0.001. This means the signal line is less than the MACD line signalling a bearish movement.

**IFN currently has negative volume rate of change for -26**

[BEARISH]: IFN currently has negative rate of change of -26%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1.1%.

**IFN: Rate of Change (2.273)**

[BULLISH CROSSOVER]: IFN currently has positive rate of change of 2.273%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

**IFN is in a short term downtrend with the resistance price @$0.455**

IFN: SMA(15) Current Signal -> (1) 22 Jan: BEARISH (2) 21 Jan: BEARISH (3) 18 Jan: BEARISH

[BULLISH WEAK]: IFN opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 66.7%. This suggests the buyers have lost commitment. Over the last 12 months there has been 1 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 6.7%.

[BEARISH]: IFN currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 1.1%.

[BEARISH]: IFN currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 1.1%.

[BEARISH]: IFN current price has highlighted recent distribution. Currently, the OBV is -55758.9.

**IFN is no longer overbought [Neutral]**

IFN: Stochastic Oscillator Signal -> (1) 22 Jan: BEARISH CROSSUNDER (2) 21 Jan: BEARISH (3) 18 Jan: BULLISH CROSSOVER

**[Downtrend]: Aroon oscillator @-24 has confirmed a downtrend for IFN**

[BEARISH]: IFN has a current ARU(25) of 8 and a current ARD(25) of 32

IFN current pivot point (DeMark) is: (R1) $0.46. The current pivot point (DeMark) is: (S1) $0.445.

[BULLISH]: IFN has formed a White Opening Marubozu candlestick. This means, IFN has received strong buying confidence and upward price movement over the trading day with only a small upper shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

IFN: Supertrend Current Signal -> (1) 22 Jan: BEARISH (2) 21 Jan: BEARISH (3) 18 Jan: BEARISH

IFN: The current Fibonacci Fan levels are: (23.61%) $0.68: (38.2%) $0.7: (50%) $0.71: (61.8%) $0.73The current support levels are: (78.6%) $0.75: (100%) $0.78: (138.2%) $0.82: (161.8%) $0.86: (261.8%) $0.98: (423.61%) $1.19

**IFN: Camarilla Pivot ($0.448)**

IFN has broken the first Camarilla resistance point ($0.525) [Bullish]. Look for a long limit order entry near this point. Exit price for IFN should be set @$0.525 & Stoploss for IFN should be set between $0.375 & $0.338

**IFN: Volume MACD oscillator (-117431)**

[BEARISH]: IFN currently has negative Volume MACD of -117431. This means the signal line is less than the Volume MACD line signalling a bearish movement.

[BEARISH]: IFN is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

[BEARISH]: IFN currently has negative PPO -0.805%. This means the current price is losing momentum through a fall on the short term exponential moving average.

[BULLISH]: IFN current price has highlighted recent buying pressure. Currently, the Elders Force Index is 655.

**Price continues to trade below the Sine Weighted Moving Average(15) for IFN**

IFN: SWMA Current Signal -> (1) 22 Jan: BEARISH (2) 21 Jan: BEARISH (3) 18 Jan: BEARISH

**Limit order for a long position has been identified for IFN [Bullish]**

IFN current pivot point is: 0.448. The current resistance levels are: (R2) $0.463: (R2) $0.463: (R3) $0.471: The current support levels are: (S1) $0.441: (S2) $0.433: (S3) $0.426

**IFN: Elder Ray Index is 0.002 [Bullish]**

[BEARISH]: IFN Elder Ray Index is signalling a Bearish movementERI is -0.013 indicating bear power. Prices are being driven below the consensus of value for IFN during the last trading session [Selling Pressure]

**[Long]: Exit price for IFN should be set @$4.75**

IFN: The current Fibonacci Extension levels are: (23.61%) $0.43: (38.2%) $0.44: (50%) $0.45: (61.8%) $0.46The current support levels are: (78.6%) $0.47: (100%) $0.49: (138.2%) $0.52: (161.8%) $0.54: (261.8%) $0.62: (423.61%) $0.75

IFN: The current Fibonacci Retraction levels are: (23.61%) $0.43: (38.2%) $0.44: (50%) $0.45: (61.8%) $0.46The current support levels are: (78.6%) $0.47: (100%) $0.49: (138.2%) $0.52: (161.8%) $0.54: (261.8%) $0.62: (423.61%) $0.75

IFN: William %R Current Signal -> (1) 22 Jan: BEARISH CROSSUNDER (2) 21 Jan: BULLISH (3) 18 Jan: BULLISH CROSSOVER

[BEARISH]: IFN UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.377.