Iris Corporation Bhd (0010) 

• IRIS closed 0.5 sen or 3.3% higher to RM0.155 yesterday.
• Since our technical buy report dated 7 March 2019, share price has gained 11% and continues to close above the key moving averages with higher than average volume traded.
• We expect the buying momentum to continue following positive sentiment from their financial turnaround and is in the running for RM300m MyKAD contract.
• From here, immediate resistance levels are expected at RM0.160 (R1) and further to RM0.180 (R2).
• Meanwhile, support levels are found at RM0.140 (S1) and RM0.130 (S2). 

Source: Rakuten Research - 28 Mar 2019