Saturday, March 12, 2016

Technical Analysis Mar 2016: IOICORP (1961)

IOI CORPORATION BERHAD 

Observation from Chart:

IOICORP rebound from MA20 support level. 

How high will it go?

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

Immediate resistance, RM5.00 psychology level.
Immediate support, MA20 level.

If the bull strong enough, it might break through & go higher

Let's watch closely.

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