Stock in Focus: International Container Terminal (ICT)

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International Container Terminal Services (stock symbol: ICT) is currently showing a potential topping formation on its Daily chart. So far, 100 is still holding.

The Moving Average Convergence Divergence (MACD) remains on bearish mode and this could only get worse once 90-95 yields to increased selling pressure.

TP’s Advice: Buyers should be careful. Avoid this stock for now. There could be a potential (and better) buying opportunity around 70-80 or even lower. I will try to review this stock by then. (Remind me if I forget! 😀 )

(Click here to view the original image)

ICT Daily chart, December 23

ICT Daily chart, December 23

 

 

 

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