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Daily Trading Idea - IFCAMSC – MYR0.905 TAKE PROFIT (TECHNICAL)

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Publish date: Tue, 16 Jun 2015, 09:43 AM
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This is a personal investment blog where I keep important research articles relating to KLSE companies.

IFCAMSCmade a major daily Wave 5high of MYR1.87 (15 May2015) with grossly overbought and bearish signals. Allof its negative signals above suggest a very strong daily downtrend. It is likely to break into lower territory, as it just breached its key support areasin a very clear downward Wave 3and 5 move.

TAKE PROFIT (TECHNICAL)on rallies for IFCAMSCwith very weak supportsat MYR0.28 and MYR0.34as well as downside target areas ofMYR0.92, MYR0.21and MYR0.09.

Source: Maybank Research - 16 Jun 2015

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skyz

no stop loss given. investment bank themselves also dunno how low it can go

2015-06-16 13:45

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