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Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Tue, 13 Oct 2020, 9:56 AM

 

Technical View - Iris Corporation Bhd (IRIS, 0010)

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Iris Corporation Bhd (0010)

• IRIS rose 2.7% or 1 sen to RM0.375 yesterday.

• Share price is currently trading above all key moving averages indicating positive buying interest. It has received LOI on India e-passport project worth US27.54m which is likely to see renewed interest on this stock. Hence, we expect share price to continue its bullish uptrend.

• Resistance levels are expected at RM0.40 (R1) and RM0.45 (R2).

• Conversely, support levels are expected at RM0.35 (S1) and RM0.30 (S2).

Source: Rakuten Research - 9 Sept 2020

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Labels: IRIS

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Chart Stock Name Last Change Volume 
IRIS 0.255 -0.005 (1.92%) 21,049,100 

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