Wednesday, May 31, 2017

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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