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PublicInvest Research

Author: PublicInvest   |   Latest post: Wed, 21 Oct 2020, 10:11 AM

 

Technical Buy - IFCAMSC (0023)

Author:   |    Publish date:


  • Target Price: RM0.470, RM0.490
  • Last closing price: RM0.435
  • Potential return: 8.0%, 12.6%
  • Support: RM0.430
  • Stop Loss: RM0.415

Possible for upside. IFCAMSC is showing initial signs of recovery from its recent pullback. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.450 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.470 and RM0.490.

However, failure to hold on to support level of RM0.430 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 5 Dec 2019

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Labels: IFCAMSC

Related Stocks

Chart Stock Name Last Change Volume 
IFCAMSC 0.38 0.00 (0.00%) 7,627,600 

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