IGB CORPORATION BERHAD
Observation from Chart:-
Since March 2011, IGB been trade on side way, it keep consolidate within RM2.11 & RM2.18 range.
From the chart, it is very obvious that forming bolinger band squeeze.
Will it break up or break down???
If able break up bolinger band, it is a good opportunity to entry. It will retest RM2.32 level.
However, if break down the bolinger band, next support would be RM2.08 which is MA200 support level.
Let watch closely for entry opportunity...
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
Hi Quah,
ReplyDeleteThank you for the analysis on MITRA.Just a quick check with you,when a stock announce share split and bonus issue, does it mean that the share price will go up before the ex-date?
Hi Vincent,
ReplyDeleteNot necessary, it is depend below scenario.
If the bull run start before good news announce, the moment declared good news, the share price will retrace down or forming shooting star. (Profit taking)
If the share price keep consolidate, once the good news announced, the share price will shoot up. (Gap Up)
Have a nice day.