Technical Stock to Watch (03/08/2015) :- IRETEX (7183)

Technical Stock to Watch (03/08/2015) :- IRETEX (7183)

Last Friday (31/7/2015), IRETEX (7183) had broke the resistance of RM0.34 last Friday with improved volume.

As of first half of trading day today (3/8/2015), the trading volume for IRETEX is almost the same of last Friday total traded volume.

Based on the 30 minutes chart, the entry price of RM0.355 when the Bollinger Band was opened wide greatly within 11.30-12.00 am as of 3/8/2015.

For the exit  point, I suggest the exit whenever there is correction in 30 minutes and/or hourly chart or make it short, that is most probably trade intraday with few ticks profit.

The next target would be the next resistance of RM0.40 for short term strategy.

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