In terms of what we have seen on the daily chart of Infrastrata Plc LON:INFA over the recent past, it would appear that the bulls / bargain hunters have decent reason to adopt a more positive stance on this situation. The setup this week has so far consisted of a sharp clearance of the 50 day moving average now at 3.57p, following a mini bull flag consolidation below this feature at the end of last week. The view now is that with the stock currently on the overbought side one would be keen to buy into any dips towards the 50 day line, with only an end of day close back below it suggesting there will now not be an intermediate and significant rally for Infrastrata shares. As far as the potential upside is concerned we can expect to see progress towards the top of a falling one year price channel at 6p / 200 day moving average. The time-frame on such a move is seen as being as soon as the next 1-2 months.
Indeed, what one would consider for Infrastrata Plc LON:INFA is that now we have seen support come in above the 50 day line intraday, and the turnaround for the shares has been backed by a sharp rise in volume on the buy side over the past week, bulls would be willing to consider the upside for Infrastrata could actually surprise on the upside.