Saturday, March 26, 2016

Char[9] - IPS Securex

The security solution provider listed on 2014 and quickly caught attentions among trader. It has implemented shares split in last two years due to overwhelming demand. The price rose quadruple in half year since IPO. After first shares split, it surged to three folds in six months again. Price seems to calm down after 2nd shares split.

Recently, the counter has seen some significant volume in transaction again. EMA 10 has cut above EMA20 with bullish candlestick. Shall history repeats, the counter could be shining star again. Immediate price resistance is 0.275. Historical height is 0.9. Immediate support is 0.186.

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