Technically, the IOIPG (5249) stock price is preparing to breakout RM1.33, above MA200 line for further uptrend.

All short to middle term moving average lines are at the juncture to align in order beneath MA200 line;

The MACD line just crossed up above signal line and just right above zero level to support rebound;

The DMI is at good juncture in supporting the stock price to rebound further;

The RSI is hovering at around 65 pointing toward 70. Has to monitor for it to stay above 70 level with stronger momentum to push up further, but also has to ensure it will not drop below 50 level to stay uptrend intact;

Let’s monitor for the price to breakout and stay above RM1.33 with increasing volume for further uptrend. However, if short term pullback were to take place, observe for possible supportive range around RM1.25-1.22. And should breakout is successful and uptrend is intact, the next prospective Fibonacci targets could be observed are around: RM1.37, 1.43, 1.48, and 1.58. And if the momentum is strong enough to stay beyond RM1.58, the next further upside target could be around RM1.73, and may even challenge up to RM1.83.

However, if the price were to pullback against anticipated uptrend, a safety of stop loss precaution is necessary below RM1.22 temporary and observe for worst case down to support at around RM1.18 for potential rebound. Observe for rebound and consider to re-position by then. Or practice stop loss below EMA20 or EMA30 could be a good general guide.

Fundamentally, NAPS=RM3.55, PBR=0.34, PER=10.22, ROE=3.36%, DY%=1.64%, EPS-Growth=44%, NPR=26.53%;

Other Prospective Property Stocks:

(1) ECOWLD, SIMEPROP, SPSETIA, TAMBUN, IOIPG;

(2) CHGP, MKH, MKLAND, HUAYANG, GOB, KPPROP, KSL, SUNWAY