IOI Properties Group broke the resistance price of RM1.37 in the latest session. With the momentum indicator RSI above 50%, it may continue to move towards the target price of RM1.46 followed by RM1.55. If it dips below RM1.37, expect a sideway consolidation again. In this case, support price is anticipated at RM1.30, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM1.37

Target: RM1.46, RM1.55 (time frame: 3-6 weeks)

Exit: RM1.30

Source: AmInvest Research - 1 Jul 2019