Tuesday, September 8, 2020

Technical Analysis Sept 2020: IGBREIT (Bursa: 5227)

    


IGB REAL ESTATE INVESTMENT TRUST 

Observation from Chart:- 

IGBREIT (Bursa: 5227) forming bollinger band squeeze.

When will it breakout ? 

Other indicator:- 
MACD trade at positive region, uptrend stock. 
Stochastic %K @ trigger BUY call, pending confirmation.

Immediate support @ RM1.76 level. 
Subsequent support @ RM1.70 level 

Immediate resistance @ RM1.85 level. 
Subsequent resistance @ RM1.89 level. 

Let's watch closely Disclaimer

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