Headlines News :
Home » » IGB Possible Rebound and estimate 4% Profit Potentially

IGB Possible Rebound and estimate 4% Profit Potentially

Written By Unknown on Wednesday 12 September 2012 | 6:32:00 am

On Tuesday IGB rebounded on the Support at 2.47 and close at 2.52. There are chances for it to close higher at next 20d MA at 2.58 or at the resistance at 2.64







  Indicators
1 ) Trendline - Below the trendline (Bearish )
 2)  Support/Resistance - formed Lower Low  and Lower High ( Bearish )
3) MACD - Formed 3R1G ( Slightly Bullish)
4) RSI - Rebound from 30% ( Bullish)
 5) STO - Bullish Crossover and rebound from 20%( Bullish)


Conclusion:
Bullish
If break above 2.54

Next Resistance at 2.57 ( 20d MA) /2.64 / 2.69 /2 .77
Support at 2.47 / 2.31
Share this article :

0 comments:

Speak up your mind

Tell us what you're thinking... !

MY WATCH LIST

Check out my current investment

The Stock Library Chat

SPONSOR

KLSE

The Edge Malaysia Business & Markets

Business Times : latest

Followers

Network Follower

 
Support : Creating Website | Johny Template | Mas Template
Proudly powered by Blogger
Copyright © 2011. The Stock Library - All Rights Reserved
Template Design by Creating Website Published by Mas Template