Rakuten Trade Research Reports
Technical View - Iris Corporation Bhd (IRIS, 0010)
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Publish date: Thu, 07 Mar 2019, 09:14 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Iris Corporation Bhd (0010)
- IRIS gained 1 sen or 7.7% to close at RM0.14 yesterday.
- IRIS formed a white candle yesterday indicating strong buying momentum supported by higher trading volume. We believe the share price is set fora recovery following its return to profitability for 3 recent quarters after 4 years of financial losses.
- As such, immediate resistance levels are found at RM0.145 (R1) and further to RM0.160 (R2).
- Meanwhile, support levels are expected at RM0.130 (S1) and RM0.125 (S2).
Source: Rakuten Research - 7 Mar 2019
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