IFCA MSC BHD Stock Code: 0023 Board: ACE
IFCA MSC may trend higher after breaching the downtrend line to cross the 100-day MAV line in its latest session. Traders may buy as a bullish bias could be present above the MYR0.91 level, with a target price of MYR1.03, followed by MYR1.08. The stock may drift lower if it cannot sustain above the MYR0.91 mark. In this case, further support is anticipated at MYR0.845, where traders can exit upon a breach.
IFCA MSC Daily Chart:
Source: RHB Research – 23/11/ 2015