IPOWER : [Stock Watch] [News]
I-POWER shares rebounded from the “double-bottom” of 24 sen on Jan 22 to a high of 29.5 sen on Monday before pausing owing to profit-taking. Although the moving average convergence/divergence histogram continues to expand upwards against the signal line to stay bullish, the falling stochastic from the overbought area indicates there will be further consolidation, with support anticipated at 25.5 sen. The near-term upside objective is at the 33 sen mark.
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