IOI Corporation consolidated and is poised to touch the RM3.73 resistance level. With its RSI indicator trending upwards, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM3.85, followed by RM3.91. The downside support is marked at RM3.59. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM3.73
Target: RM3.85, RM3.91 (time frame: 2–4 weeks)
Exit: RM3.59
Source: AmInvest Research - 28 Jul 2021
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Created by AmInvest | Jul 26, 2024