Jan 16, 2013

Ingress – Short Term Buy on Dip

INGRESS made a major daily Wave 4 low at MYR1.10 (on 7 Dec 2012) with grossly oversold and bullish signals. Due to its positive chart signals, the indicators are pointing firmly to a move towards its resistance and upside target areas in the short to medium term.

below: Ingress Daily Chart (click to enlarge)


SHORT-TERM BUY (TECHNICAL)  on dips for  INGRESS,  with firm supports of MYR1.17 and MYR1.35. Its upside target areas are MYR1.50 and MYR1.71, with stop-loss at MYR1.15.

Ingress Corporation Berhad (INGRESS) manufactures roll-formed plastic mouldings and weather strips, automotive door assemblies and other automotive components.

by MIB