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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 6 Dec 2019, 9:18 AM

 

Technical Sell - IFCAMSC (0023)

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  • Target Price RM0.355
  • Last closing price RM0.400
  • Potential downside -11.2%

Upside may be capped. IFCAMSC’s share price formed a doji candlestick with high trading volume, signifying uncertainty in determining subsequent market direction. Peaking RSI and fast-paced MACD indicators currently signal an exit to sell into strength, anticipating performance in momentum and trend to normalize in near term. Should support level of RM0.385 be broken, it may continue to drive price lower to subsequent support level of RM0.355. Note that the potential halt in uptrend presents an opportunity for profit taking instead of intraday short selling.

Source: PublicInvest Research - 6 Mar 2019

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Labels: IFCAMSC

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Chart Stock Name Last Change Volume 
IFCAMSC 0.44 0.00 (0.00%) 11,724,600 

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