Monday, December 28, 2020

Technical Analysis Dec 2020: IRIS (Bursa: 0010)



IRIS CORPORATION BHD 

Observation From Chart: 

IRIS (0010) forming "U" pattern. 

Will it breakout & go higher? 

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

Immediate resistance @ RM0.445 line. 
If breakout RM0.445, higher high is confirm. May have another wave of uptrend.

Immediate support @ RM0.37 level. 
Subsequent support @ RM0.345 level. 

Let's watch closely Disclaimer

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