International Container Terminal Services (stock symbol: ICT) followed the bullish prescription and soared to fresh record highs on Friday, hitting a 109 high and capping the week on a very strong note at 108.
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ICT’s stock could attract more activity in the coming weeks. Traders should keep this in mind.
The Money Flow Index (MFI) displays 2 instances of bearish divergence, highlighting the possibility of a temporary decline in ICT’s price soon.
Ideal support should come in around 102-106 (95-100 must weather extreme bearish threats). On the upside, the initial target for ICT is the 120-130 region.
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