For the past 7 trading days, the volume has exceeded the 50-day volume-moving average. The highest was 23.6 million shares (23rd July 2020).
Something big is happening?
The breakout is expected to happen anytime soon at RM 0.20 apiece. Based on the highest of RM 0.17 recorded yesterday (29th July 2020), it should be testing the resistance of RM 0.20 today.
Technical analysis aside, it is believed that IQZAN should be making any major announcement soon.
The announcement should cover what their big plans are inclusive of potentially revealing their new partners and strategic businesses to be injected.
STRONG INDICATION: TP1 should be RM 0.20; and TP2 should be RM 0.25 within a very short period of time
Disclaimer : The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.