Tuesday, November 10, 2015

Technical Analysis Nov 2015: IRIS (0010)


IRIS CORPORATION BHD 

Observation from Chart:-

IRIS (0010) is forming ascending triangle pattern...

Will it breakout RM0.26 resistance level?

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

Immediate resistance @ RM0.26 level.
Subsequent resistance @ RM0.29 level.

Immediate support @ RM0.225 level.
Subsequent support @ RM0.195 level.

Let's watch closely for breakout.

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