Technical Analysis ICT

Stock: ICT
Company: International Container Terminal Services Inc.
Support: 122.00 / 120.00
Resistance: 128.00 / 129.60


ICT has remained faithful to its trading range since this Monday, and it looks like it will stay this way for the remainder of the week.

Indicators are bordering on neutral. There is only a slight bias to a buy. RSI (54.63) is pointed upward but still far from the overbought territory. Meanwhile, both MACD and DMIs are showing a slight convergence with a bit of buying pressure — which explains why ICT is able to correct any downturns intra-day. Note that its PSAR is still pretty bullish.

All things considered, ICT will likely continue trading between a support of 121.80 and a resistance of 128.00.

Recommendation

Trade the range.

LEAVE A REPLY

Please enter your comment!
Please enter your name here