{SWC}--IFCAMSC--Breakout from short term consolidation!
Thank you for your continued support :)
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!