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IFCA Review + Trading Plan for Tuesday, 26 May
GreenTrade
Publish date: Mon, 25 May 2015, 09:10 PM
Review
This counter is facing a huge drop and may be suitable for day trading.However, we WARN all traders that this is an extremely RISKY counter to trade (unless handled with cautious). Is this the end for KLSE's Darling, IFCA? Well it may be true or may NOT be true, BUT one thing for sure, is that IT IS going down with a fight, which is what we like.
Recent News
- UMA-ed by Bursa on 25/5/15
- YONG KEANG CHEUN acquired 250,000 shares on 25/5/15
- Resignation on CFO on 26/5/2015
Trader$ plan.
Traders may want to queue orders at support levels if it still remains bearish/drops sharply.
1st Support @ 1.21.
2nd Support @ 1.14.
3rd Support @ 1.00.
However, IF IFCA gaps up on the opening to 1.40 or above WITH STRONG VOLUME, a decent rebound may be in the making. (cut loss 1.36 if this happens) Risk - 0.04 cents. Reward : you decide.
Notes.
Please set your cut loss points and exit points. / Contingency plans when you trade this counter.
Don't think " what if it goes up when i cut loss now". FOLLOW your cut loss plans strictly.
Trade at your own risk.
GreenTrade$ WILL NOT be held responsible for any losses or decisions made.Trade at your own risk
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