IRIS above $0.25 by 01-Feb-2010 -

On 13-Jan-2010, poksawsaw predicted the stock price of IRIS CORPORATION BHD (IRIS) to go above $0.25 by 01-Feb-2010.

IRIS above $0.25 by 01-Feb-2010

by poksawsaw

13-Jan-2010 9:39 AM

target price: $0.25 ( 47.06 % in 18 days)
price when predicted: $0.17
current price: $0.13
214 days pass target date.

• Timeframe - 5 - 20 days
• Trigger - RM0.18
• Target - recent high of RM0.22
• Comment -

IRIS is trapped in a descending triangle, with bullish breakout at RM0.18 & bearish breakout at RM0.14. RSI & DMI are pointing to a bullish breakout. MACD is poised to enter into positive territory. The latter should coincide with the next upleg after an upside breakout of the triangle.