AmInvest Research Reports

Stocks on Radar - IOI Properties Group (5249)

AmInvest
Publish date: Tue, 31 Dec 2019, 08:57 AM
AmInvest
0 9,391
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

IOI Properties Group was testing the resistance price RM1.23 in its latest session. With RSI above 60%, a bullish bias may be present above this mark with a short-term target price of RM1.29 and RM1.36. Meanwhile, it may continue moving sideways if it fails to cross the RM1.23 mark in the near term. In this case, the downside support is anticipated at RM1.16, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy upon breakout above RM1.23
Target: RM1.29, RM1.36 (time frame: 3-6 weeks)
Exit: RM1.16

Source: AmInvest Research - 31 Dec 2019

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment