Sunday, March 1, 2015

Technical Analysis Mar 2015: ICON (5255)

ICON OFFSHORE BERHAD (5255) 

Observation from Chart:-

ICON consolidate side way.

Will it breakout RM0.88 resistance & go higher?

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

Immediate resistance @ RM0.88 level.
Subsequent resistance @ RM0.99 level.

Immediate support @ RM0.745 level.
Subsequent support @ RM0.61 level.

Let's watch closely

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