IFCAMSCmade a major daily Wave 5high of MYR1.87 (15 May2015) with grossly overbought and bearish signals. Allof its negative signals above suggest a very strong daily downtrend. It is likely to break into lower territory, as it just breached its key support areasin a very clear downward Wave 3and 5 move.
TAKE PROFIT (TECHNICAL)on rallies for IFCAMSCwith very weak supportsat MYR0.28 and MYR0.34as well as downside target areas ofMYR0.92, MYR0.21and MYR0.09.
Source: Maybank Research - 16 Jun 2015
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skyz
no stop loss given. investment bank themselves also dunno how low it can go
2015-06-16 13:45