Why u blame the PM, i suggest u to go to AGM and screw up ICON management if you are so unhappy Ask them why there is under utilisation of their vessel and why cost is so high
The stock broke below the triangle pattern recently but appear to have found support near the 50-day EMA. With the formation of a 3-candle reversal pattern over the past 3 days. We think that the stock is ready to turn up again. Supported by the higher highs and higher lows from the July 2023 lows, we reiterate our Technical Buy call on the stock (please read here for our previous write-up).
Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are still holding above their respective neutral levels, keeping the bulls in control for now.
We think that aggressive traders may want to go long now with a stop-loss set at RM0.685 (a few ticks below the last swing low). Follow-through buying may lift prices to test RM0.81 and the 52-week high at RM0.83. The next Fibonacci target is at RM0.88 (1.382).
Brent crude has been trading between USD 80-USD 85 per barrel for the 2 months. Despite yesterday press announcement of new charter agreement. Icon hardly moved. Prices stay sideway and trade betw 60-63 sen. No activity seen
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
supermanhitam
218 posts
Posted by supermanhitam > 2024-01-30 09:57 | Report Abuse
Icon Will go for 1.00 before CNY as i said . bcs all staff was happy