Monday, June 5, 2017

Technical Analysis Jun 2017: IRIS (0010)


IRIS CORPORATION BHD 

Observation From Chart:

IRIS (0010) retrace down from RM0.21 to RM0.15 level.

Oversold? Form reversal sign?

Other indicator:-
MACD moving toward negative region, downtrend sign.
Stochastics %K on BUY call.

Immediate resistance @ RM0.16 level.
Subsequent resistance @ RM0.185 level.

Immediate support @ RM0.145 level.
Subsequent support @ RM0.12 level.

Let's watch closely.

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