Sunday, August 31, 2014

Technical Analysis Aug 2014: IRIS (0010)

IRIS CORPORATION BHD 

Observation from Chart:-

IRIS (0010) is forming reversal candlestick ...

Will it rebound?

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

Immediate resistance @ RM0.41 level.
Subsequent resistance @ MA20/MA50 level.

Immediate support @ RM0.36 level.
Subsequent support @ RM0.33 level.

On 29 Aug 2014, IRIS announced below market expectation Q1 result & causing the sell off...

Let watch closely for rebound.

0 comments:

Post a Comment