Every trading day we get closer and closer to IFHR release of their reverse merger candidate and uplisting to higher exchange. IFHR closed today with a significant technical indicator of a “Bullish Engulfing” candlestick formation showing bulls are in full control.
Reverse Merger (R/M) plays can be extremely profitable as we have seen in DROP’s announcement of their R/M with Fuse Science and pushing prices from our initial $0.0015 price alert to a whopping 83,000% gains and hitting our $1.25 target bang on.
With accumulation by savvy investors and insiders, IFHR continues to hold solid to its gains making this play ready for a monster breakout when R/M news hits.
IFHR closed another solid GREEN session at $0.095 with total gains of 58% in the last 2 trading sessions.
Bulls are getting stronger towards a major breakout as represented by a technical confirmation of a ‘bullish engulfing’ candlestick formation seen in the price chart below.
As implied in its name, this trend suggests that the bulls have taken control of a security’s price movement from the bears. This type of pattern usually accompanies a declining trend in a security, suggesting that a low or end to a security’s decline has occurred.
We expect a wild “bullish” trading sessions in anticipation of a major company update. This is where the gains are made.
About IFHR
IFHR has been identified as a reverse merger candidate and preparing Audited financial statements for uplisting.
- Extremely small float and outstanding – only 8.8M float!
- No Dilution
- Reverse Merger imminent as communicated by today’s Press Release
- Annual Filings posted to otcmarkets.com in Audit Financial Style in preparation for uplisting.
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