Long
ICON Offshore Berhad (ICON)
- Trend: The stock is in a long-term uptrend since June 2023, with higher highs and higher lows.
- Price Action: Currently trading at 1.09 MYR, down 7.63% on the day shown.
- Moving Averages: The price is above both the short-term (likely 50-day) and long-term (likely 200-day) moving averages, indicating bullish momentum.
- Support and Resistance:
Key resistance level around 1.20 MYR
Support levels at approximately 1.00 MYR and 0.90 MYR - Volume: Spikes in volume are visible at key price movements, particularly during rallies.
- Volatility: The stock has shown increased volatility since April 2024, with wider price swings.
- Bollinger Bands: The price has recently touched the upper Bollinger Band, suggesting it might be overbought in the short term.
- Recent Performance: Despite the current day's drop, the stock has shown strong performance over the past few months.
- Potential Patterns: There might be a small double top forming at the 1.20 MYR level, which could indicate a potential reversal if confirmed.
Overall, the stock shows a bullish long-term trend but may be experiencing short-term resistance and potential consolidation. Traders should watch for a potential breakout above 1.20 MYR or a deeper pullback to support levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
➀➁➂➃➄
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.