Monday, July 2, 2012

Technical Analysis July 2012: IVORY (5175)


IVORY PROPERTIES GROUP BERHAD

Observation from Chart:-

IVORY retest RM0.55 level again.

Will it break through?

Other indicator:-
MACD at negative region, it is downtrend itinerary.
Stochastic %K already trigger BUY call.

Immediate resistant RM0.55 level.
Immediate support MA20 / MA50 level.

If market sentiment is bullish, high potential IVORY will break through RM0.55 level.

Let's watch closely.

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