Technical Analysis May 2017: IFCAMSC (0023)
IFCA MSC BHD (0023)
Observation from Chart:
IFCAMSC (0023) forming descending triangle pattern?.
Will it break the resistance & go higher?
Other indicator:-
MACD trade @ negative region, downtrend sign.
Stochastic %K on oversold stage, pending buy call.
Immediate resistance @ RM0.435 level.
Subsequent resistance @ RM0.45 level.
Immediate support @ RM0.41 level.
Subsequent support @ RM0.365 level.
Let's watch closely.
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