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What indicators that you mainly use in Technical Analysis (TA)?
Moving Average (SMA/EMA)
RSI
Stochastic
MACD
Ichimoku Kinko Hyo
Volume
Momentum
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Friday, 13 April 2012

KLSEPSP - IVORY after Bonus + Right Issue

IVORY
Properties

This counter just split share due to bonus and right issue.
Right after the split, we could see, many taking profit until drop to 0.55.

Then, come new volume n big pushed up the price again to 0.635.
After that consolidate again and down to 61.8% level fibo. Next support level is at 0.56.



  1. RSI and Stoch are just around 30% only and seems buyer's interest still low.
  2. MFI = up to 50%.
  3. MACD trying to go above 0 but failed today due to sell down.
  4. ADX= signal line is at 20 level. with -DI above +DI this is hugely caused by share split.
  5. Interesting part is, on Momentum, where, with share price down, but the momentum showing up which is different from what it suppose to be. 

With opposite Momentum sign, expecting share price to increase again with target of 0.64, and 0.66.
Wish all the best who in this counter.

Happy Friday..!

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