IGB hits all time high. Next target is to close at RM2.50. Corporate exercise may be around the corner. Still waiting for medias for confirmation. Tomorrow still got plenty of space to fly!!!
Bollinger Band with RSI value Analaysis
The chart indicates that, still got plenty of room to fly tomorrow. With RSI value around 55%. Overall fund manager would prefer to short sell a stock after reaching 75% - Overbought state.
Buying volume consolidated for the second day, and today closing reflects yesterday correction. Closing price finally breaks the BB.
Tomorrow we should see closing price break record high. RM2.50 is a very nice figure for everyone.
Buying volume consolidated for the second day, and today closing reflects yesterday correction. Closing price finally breaks the BB.
Tomorrow we should see closing price break record high. RM2.50 is a very nice figure for everyone.
MACD Signal Analysis
1. Only yesterday, chart analyst can see the GO Long or Buying signal when the MACD blue line and the MACD signal red line cross each other.
2. With MACD blue line continues to move on top of MACD signal red line, the stock price is growing. The reverse of lines position means stock price is falling. The more space that blue line leads the red means bigger growth.
3. GO Short or Selling signal will appear again when both lines cross each other again. Like in Jan 20. This can be noticed few days earlier, when blue line is starting to fall near to the red line.
4. Best thing is, use RSI to help you along the way. RSI > 75% simply means Overbought. Best time to sell for big profit!!
1. Only yesterday, chart analyst can see the GO Long or Buying signal when the MACD blue line and the MACD signal red line cross each other.
2. With MACD blue line continues to move on top of MACD signal red line, the stock price is growing. The reverse of lines position means stock price is falling. The more space that blue line leads the red means bigger growth.
3. GO Short or Selling signal will appear again when both lines cross each other again. Like in Jan 20. This can be noticed few days earlier, when blue line is starting to fall near to the red line.
4. Best thing is, use RSI to help you along the way. RSI > 75% simply means Overbought. Best time to sell for big profit!!
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