iVSA Stock Review

IFCA MSC Berhad

Joe Cool
Publish date: Tue, 08 Sep 2015, 12:19 AM

 

IFCA has been a very active share recently. With high volume (top 10 highest volume from time to time), it attracted many investors and traders. Based on the chart above, we are able to see that the first arrow indicates the first SOW (sign of weakness). As we can see the Upthrust happened on the day before the huge sell down happens (with higher volume relatively). It confirmed the Upthrust and sell down happens. After what seemed like a 2 bar reversal at the bottom, the price recovered slightly but if we are able to look at it more carefully, we will spot that the spring that happens 26 June and 2 bar reversal on 9 July are not confirmed. No sign of strength appear and it was probably a mere trap for the greed. After the sell down, we are only able to see that the stock price is going on a down trend.

 

Many people like active stocks especially those that are on the top 10 most active board. These are mainly due to news, spread of words, advice and many people thinks that they could make money from the fast moving stock, in other words, being impatient. Many people follow the crowd blindly and there’s where many people were trapped.

 

Discussions
1 person likes this. Showing 3 of 3 comments

johnny cash

it is going to settle at 1.00,, won t go high cause cimb target price is 1.32 at the moment,,, last time was 2.0,,being downgraded very fast ripples effects from china ha

2015-09-08 08:30

speakup

every stock was once a darling stcok

2015-09-08 09:44

Joe Cool

IFCA breaking up Short Term trend with strength at the background :)

2015-10-10 19:17

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