IOI Properties Group may soon dip below to touch the RM0.955 level. Since the RSI is in the oversold region with high trading volume, we foresee that there could be a technical rebound towards the short-term target prices of RM1.02 and RM1.05. In this case, the downside support is anticipated at RM0.86, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy low near RM0.955

Target: RM1.02, RM1.05 (time frame: 3-6 weeks)

Exit: RM0.86

Source: AmInvest Research - 13 Mar 2020