Tuesday, February 22, 2011

IGB & KFC Review - FEB 2011

Ichimoku Kinko Hyo Analysis
1.  IGB - UPTREND.  Stock price has been floating and dancing above the cloud for months.  IKH analysis suggests that, the thicker cloud formed at beginning of March, will act as a bigger support and push the price higher.  Strong supporting price by March is RM2.22.

2. KFCH - MIDTREND.  Stock price entered the clouds second half of Dec 2010 and fell below the cloud early Jan 2011 since then.   RM3.86 acts as a strong resistance when Tenka Sen (Conversion line) leads Jikun Sen (Base line) with small margin.



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