IFCAMSC was triggered based on the MRV1 on 20 Dec 2023The IFCAMSC buy signal was triggered based on the MRV1 setup at RM0.285. The target is a 20% increase to RM0.345, with a stop loss of RM0.255. This is expected to take 2–3 months due to the signal being based on the daily timeframe.
The price seems to have been hopping around the price of RM0.280, establishing an accumulation base price for the counter. A price spike to reach its near resistances of RM3.05 and RM0.335 is likely in the near term. Support is seen in the RM0.250, with RM0.220 as the next support.
**This is for discussion purposes only and is not a buy/sell call**
Ifcamsc
IFCA: Enemies at .50 border.After successfully breaching enemy defense at .33-.34 border, IFCA continues to march forward only to be halted by quite a strong enemy force at .49-50 outpost.
IFCA had fallback to resupply at the previous defeated defense of .33-.34 and is now ready to launch a full frontal to penetrate that heavy defense at .50.
If it manages to breach that defense, the road is cleared for IFCA to continue its march toward the next line of defense at .575.
However, if the enemy force is still strong, IFCA might need to resupply once again.
DISCLAIMER: This is not an investment advice nor a buy call. This is just some analysis of based on some technical factors coupled with just a little or totally nonexistent fundamentals. This analysis is based on lagging (past) data (ie historical prices) thus any forward looking statement is just based on perceived highly probabilistic assumption(s) to assist personal trading decision.
