ammarkid

SHORT TERM

Short
MYX:IRIS   IRIS CORPORATION BHD
17/7
Short term
1. Chart Pattern
- Bullish
- Sedang retrace
- RCP - Bullish engulfing.

2. Moving Average
- using SMA5, EMA20, EMA50 for short term
- SMA5> EMA20 > EMA50
- Last price close above EMA20 (melantun)

3. Indicator
RSI - 59 , petanda trend masih okay (Using RSI 40-50 as support)
BB - Bounce around midBB
MACD - crossing down (lagging) but still above 0
StochRSI - at oversold area

Trading plan
Can wait on 20/7, if close above SMA5, can consider entry
EP - 0.240-0.25 (around SMA5)
TP - 0.280 - 0.290 (upper BB area)
CL - 0.215 - 0.220 (10%)

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