Oversold already. It should be rebound. Whether it will be just a fake reversal or a truly golden retracement, any one, any idea?

Signal for rebound? Retracement at 61.2% fibonacci ratio. Inverted hammer on wednesday & confirmation today.

If we see the candlestick on 24 & 25.4.2014, it seems to create a 'dark cloud cover' formation, but closing on the second day has yet to cross below 50% of the first day. It can be interpreted that selling emotion has yet to overcome buying emotion. Based on this pattern, normally bullish pattern will continue.

Dont worry, when everybody is selling, we buy. Normally, contrarian who knows how to read charts benefits from panic sell of others.

Still uptrend & will have mega retracement? Or just technical rebound & it will drop again? Any technical analysis expert here? Please guide us...

I invest based on technical analysis. I rarely concern about the news or tp analysed by others. Chart speaks by itself, I believe...

Its normal for good stock to make correction and will rebound when reach the bottom line. Calculate with fibonacci ratio, then you will know the support is at 0.485 on 38.2% ratio, now will rebound after pull back exercise for one month plus. This pattern is also known as 'bear trap'.

If you check stochastic-rsi, buy signal is already there. Other indicators will confirm on buy signal within this week, I believe....

When rsi reach 30 and below, of course iris will rebound.

I made calculation using Fibonacci Retracement and found that next support line for Iris is 0.485 at ratio 38.2%. If this support line is breach, then next support will be at 0.44 at 50% ratio. I still believe that Iris will pull back and situation now is only a sell trap or bear trap.

Azli, I guess you go to Zamsaham seminar, are you.