RHB Investment Research Reports

Trading Stocks - IFCA MSC

Publish date: Thu, 18 Apr 2024, 10:00 AM
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The upward-trending structre of IFCA MSC has been confirmed after the stock breached a key resistance level on strong volume. The counter climbed above the MYR0.35 resistance with a strong bullish candlestick – signalling the resumption of the uptrend. Riding on this strong bullish momentum, expect a follow-through price action to test the next resistance of MYR0.41, followed by MYR0.44. Breaching below the MYR0.32 support would result in the resumption of the correction phase.

Source: RHB Securities Research - 18 Apr 2024

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