Sep 23, 2015

IFCAMSC - Testing RM0.88 Resistance Level

IFCA MSC BHD  Stock Code: 0023

Wait for breakout signal. The stock may move sideways if the MYR0.88 level cannot  be  breached.

IFCA  MSC  was  testing  the  MYR0.88  level  in  its  latest  session  after crossing  the  50-day  MAV  line  marginally.  Traders  may  buy  if  this level  is  breached  in  the  near  term,  with  a  target  price  of  MYR1.01. In the meantime, the stock may move sideways if the MYR0.88 level cannot  be  breached.  Support  may  then  be  found  at  MYR0.80, where traders can exit upon a breach.

ifcamsc analysis by Malacca Securities – 23/09/15

IFCA MSC BERHAD
The Company is principally involved in R&D and selling of enterprise-wide integrated business solutions.