IFM is well poised to make further gains, having just pulled back after its impressive performance in recent months.
IC TIP:
Buy
The 55-day moving average and the daily cloud are providing excellent support. With momentum having unwound from overbought levels, the stage is now set for another attack on the all-time high at 169p and thereafter into blue-sky territory.
Note that the technical view, which is based on an interpretation of patterns on a share price chart, may differ significantly from the view stated in our tips of the week, which is based on analysis of a company's finances, prospects and management.
