Sunday, June 3, 2012

Technical Analysis June 2012: IVORY (5175)


IVORY PROPERTIES GROUP BERHAD

Observation from Chart:-

IVORY retest RM0.49 level again?
Will it rebound?

Other indicator:-
MACD at negative region, it is downtrend itinerary.
Stochastic %K trigger SELL call, pending confirmation.

Immediate resistant MA20 level.
Immediate support RM0.49 level.

If market sentiment is remain bearish, high potential IVORY will retest RM0.46 support level.

Let's watch closely for technical rebound.

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