IOI Properties Group leapt above the resistance level RM0.98 in its latest session. Notice that the share price is moving higher while the volume is low, implying that the selling pressure is low. With the RSI indicator above 60%, we anticipate that it will continue to move towards the short-term target prices of RM1.03 and RM1.09. The downside support is seen at RM0.92, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy near RM0.98

Target: RM1.03, RM1.09 (time frame: 2-4 weeks)

Exit: RM0.92

Source: AmInvest Research - 24 Apr 2020