RHB Retail Research
Trading Stocks - IFCA MSC
IFCA MSC reacted positively on strong volume after it tested the MYR0.385 support level to re-cross above the 21-day SMA line – indicating a possible end to the stock’s near 1-week consolidation phase. A positive bias may appear above MYR0.385, with resistance levels pegged at MYR0.415 and MYR0.445. A downside breach of MYR0.385 would negate this positive price forecast.
Source: RHB Securities Research - 25 Jan 2021
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