ICONIC triggered based on MRV1 on closing 15 Dec 23Buy signal triggered based on MRV1 setup at RM0.120;
20% target at RM0.145; stop loss at RM0.105;
2-3 months due to the signal based on the daily timeframe. Might take longer or fail due to flat movement for over a year already.
**Only for discussion purposes. Not a buy / sell call.
ICONIC trade ideas
ICONIC - Panas Badan?Membuat kenaikan sebanyak 2 sen hari ini setelah beberapa hari harga meniti di EMA20.
ADA EMA golden cross, banker cip bertambah, dan MACD line di atas 0.000 menandakan dlm keadaan bullish.
Ada catalyst ingin mengembangkan business dengan merancang untuk supply glove and disposal face mask dan juga telah melengkapkan private placement untuk tujuan fund raising, adakah ini permulaan untuk ia memecah trend sideway dan bergerak keatas?
Target price 0.630/0.670
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ICONIC - Sambung Kenaikan?Harga close diatas EMA9. Seperti akan berlaku perubahan trend tapi belum diconfirmkan by SAR signal. EMA golden cross telah berlaku.
MACD line perlu berada di atas 0.000 untuk bullish momentum. Rumours kata nak buat glove juga.
Harga dituju as per FIBO ratio 0.630/0.665.
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#TAYOR
ICONIC (8/11/2020) on limited upsideICONIC theoretically has completed Wave 4 @ 0.4, and it should be making its way for Wave 5. However, it is currently on sideway, probably accumulating before making a move. It is currently on a minor downtrend channel with a strong support zone at 0.46-0.48. A strong resistance zone is at 0.625-0.645.
With Bollinger Band expanding and Stochastic oscillating up could means its riding up in the channel, and could make a limited upside at around 0.58 (EP 0.515, TP 0.58, SL 0.48, RRR 1:2)
Volume is okay, but need more to push higher, and banker chip is less than 25% - still more required to have a good show.
The stock has a light balance float (20% of 323M shares), relatively compared to PARLO (36% of 364M shares). This would increase the speed factor for price action. Source
Good sentiment and news could exponentially accelerates the stock further. It is reported that company is seeking approval from shareholders to venture into Glove and PPE manufacturing on 23-October-2020 Source
TAYOR guys !
Disclaimer: I’m a newbie trader practicing my understanding. Please help to feedback if you see any room for improvement. Thanks everyone.
ICONIC - Another business diversification to HealthcareICONIC today announced their propose diversification to Healthcare particularly manufacturing and trading of PPE, glove and disposable face mask.
Will it follow what Mahsing did last week? We will see. I am waiting for confirmation buy candle at somewhere breakout point above 565 with stop loss at 495
<TradeVSA> No Supply Signal with Pullback in ICONICStrength Signal in the chart:
1. Green pentagon high volume
2. No Supply signal
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
