$IFAST(AIY.SG)In yet another development from the on-off negotiation between Iran and the US, they issued a joint statement stating they have concluded the first round of talks and agreed on a roadmap to a final deal within 60 days. To me, this still seems very tentative but the market reaction today is reasonably positive. Lower highs and higher lows create a narrowing wedge which means the stock is in the consolidation phase. Whether this leads to a breakout or further decline remains to be seen.
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