Saturday, March 1, 2014

Technical Analysis Mar 2014: IRIS (0010)

IRIS CORPORATION BHD

Observation from Chart:-

IRIS (0010) is forming higher high & higher low...

Will it rebound from MA20 support level?

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

Immediate support @ MA20 which is around RM0.51
Subsequent support @ RM0.45 level.

Immediate resistance @ RM0.62 level.
If able breakout RM0.62 resistance, it's new higher high. Uptrend may resume.
 
Let watch closely.

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