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Strategy: Consolidation Breakout .
Bias: Bullish. Prominent volume kicked in today and breakout from the triangle consolidation zone at the price of RM0.445. IFCAMSC share price successfully crossing up 5 & 10 EMAs with the surge of price with significant volume. The next resistance could be faced is RM0.480/0.485 zone, which potentially will be hitting the short term downtrend line too.
Once the downtrend line is broken through huge momentum, the next zone should be physiological resistance RM0.500.
R: 0.480, 0.500
S: 0.445, 0.425
If you find this idea helpful, don't hesitate to drop us a like and comment! Happy trading!
Strategy: Consolidation Breakout .
Bias: Bullish. Prominent volume kicked in today and breakout from the triangle consolidation zone at the price of RM0.445. IFCAMSC share price successfully crossing up 5 & 10 EMAs with the surge of price with significant volume. The next resistance could be faced is RM0.480/0.485 zone, which potentially will be hitting the short term downtrend line too.
Once the downtrend line is broken through huge momentum, the next zone should be physiological resistance RM0.500.
R: 0.480, 0.500
S: 0.445, 0.425
If you find this idea helpful, don't hesitate to drop us a like and comment! Happy trading!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.