Sunday, May 18, 2014

Technical Analysis May 2014: IRIS (0010)

IRIS CORPORATION BHD 

Observation from Chart:-

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

Will it rebound from RM0.41 support level?

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

Immediate support @ RM0.41 level.
Subsequent support @ MA200 which is around RM0.36 level.

Immediate resistance @ MA20 /MA100 level.
Subsequent support @ MA50 level.

Let watch closely.

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