IFCAMSC trade ideas
IFCAMSC was triggered based on the MRV1 on 20 Dec 2023The IFCAMSC buy signal was triggered based on the MRV1 setup at RM0.285. The target is a 20% increase to RM0.345, with a stop loss of RM0.255. This is expected to take 2–3 months due to the signal being based on the daily timeframe.
The price seems to have been hopping around the price of RM0.280, establishing an accumulation base price for the counter. A price spike to reach its near resistances of RM3.05 and RM0.335 is likely in the near term. Support is seen in the RM0.250, with RM0.220 as the next support.
**This is for discussion purposes only and is not a buy/sell call**
IFCAMSC - STOCK TO AVOID - RETEST 0.17 IS POSSIBLEIFCAMSC, suggests to avoid this stock.
There is high possibility the price will retest 0.17 level suppors before ending the big W-X-Y-X-Z corrective waves. The bouncing off from 0.17 level in the past does not show any impulse reversal waves.
Stay aside.
IFCA: Enemies at .50 border.After successfully breaching enemy defense at .33-.34 border, IFCA continues to march forward only to be halted by quite a strong enemy force at .49-50 outpost.
IFCA had fallback to resupply at the previous defeated defense of .33-.34 and is now ready to launch a full frontal to penetrate that heavy defense at .50.
If it manages to breach that defense, the road is cleared for IFCA to continue its march toward the next line of defense at .575.
However, if the enemy force is still strong, IFCA might need to resupply once again.
DISCLAIMER: This is not an investment advice nor a buy call. This is just some analysis of based on some technical factors coupled with just a little or totally nonexistent fundamentals. This analysis is based on lagging (past) data (ie historical prices) thus any forward looking statement is just based on perceived highly probabilistic assumption(s) to assist personal trading decision.
EASY123 Prediction @MYX IFCAMSCPrediction: Bottom Rebound from Correction (Rally when it breaks 0.40)
Target Price: R1=0.43-0.44, R2=0.49-0.51, R3=0.58-63
Support/Cut Loss: S1=0.37, S2=0.35
*Trend direction: Bottom Rebound - Higher-High & Higher-Low positive movement
*Price moves strongly above our Lifeline (Redline)
*Yellow-diamond observed 11-Sep & 07-Oct, signal the bottom.
*White-diamond has appeared on 09-Oct, an indication of the strong buying momentum.
*Disclaimer: This is not a Buy or Sell suggestion but solely sharing the information...Trade at your own risk.
*Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it.
*If you are interested in our trading template. Feel free to drop us a message, we are happy to share with you.
Signal's Interpretation:
BUY Signal:-
*Green-Background = Uptrend
*BT-Yellow-Diamond = Bottom signal.
*Green-Upward-Triangle = Potentially a Bottom signal.
*White-Diamond = Strong upward momentum accelerator.
*White-Candle = Turning point or a trend reversal.
*Yellow-Candle + Alert-Bell = Potential Price take-off area.
SELL Signal:-
*Red-Background = Downtrend.
*Red-Dot = Potentially a Top signal.
*Blue-Candle = Potential price selling off area.
Bullish Newly-ShariahThe share is recently trading in a rangebound between 0.16 and 0.56, However we noticed a double bottom reversal pattern on Mar 2020 and the price has significantly break a valid downtrend line hence increase our optimism. If the price could break above the rangebound, our target is at 0.77. We will see how the price react on this level before holding the position to 1.12. A close below this rangebound would change our view to bearish .
FA looks good. Semoga bermanfaat.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
<TradeVSA> IFCA - Reversal Completed...Ready for Resistance !1. Accumulation Stage
- NS as support
- LIne Change high volume indicating buyer in accumulation
2. Shakeout to remove weak-hand holders
- A wash with Spring before test resistance in accumulation
3. CoC Setup follow by NS signal
- Reversal completd with CoC
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
