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Instaco awaiting for News Movement

Written By Edwin Toh on Saturday, 23 August 2014 | 5:08:00 pm

Everybody is early waiting for Instaco whether it will break above the 0.275 resistance or break below the support at 0.245



If on Monday, if closed above 0.255 it will have a potential of MACD 4R1G which could be a bullish signal. If together with good company announcement there will be a potential to retest the resistance at 0.275

RSI - Broke below the 70% and testing the 50%. If rebound will be bullish if break below will be bearish
Sto - Testing the 50%.If rebound will be bullish if break below will be bearish
Ichimoku Cloud still bullish

Resistance at 0.275 and 0.295
Support at 0.245 and 0.235
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