Friday, July 6, 2012

Technical Analysis July 2012: IOICORP (1961)



IOI CORPORATION BERHAD

Observation from Chart:

IOICORP is forming forming ascending triangle.

Will it break through RM5.29 resistance level?

Other indicator:-
MACD trade at positive region, uptrend itinerary.
Stochastic %K on BUY call itinerary.

Immediate resistance, RM5.29 level.
Immediate support, MA20 level.

If the bull strong enough, it might break through.
Else, it might retest lower triangle support level.

Let's watch closely.

0 comments:

Post a Comment