Rakuten Trade Research Reports

Technical View - IGB REIT (IGBREIT, 5227)

rakutentrade
Publish date: Mon, 05 Aug 2019, 11:35 AM
rakutentrade
0 2,119
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

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

IGB Real Estate Investment Trust (5227)

  • IGBREIT gained 3.09% or 6 sen to close at RM2.00 last Friday.
  • Last Friday’s close sent the price to hit its all-time high on the back of higher than average trading volume. The long white candle coupled with upticks in RSI reinforced the positive momentum and hence we expect the buying interest to continue.
  • From here, resistance levels are found at RM2.02 (R1) and to RM2.05 (R2).
  • On the flipside, support levels are identified at RM1.94 (S1) and RM1.90 (S2).

Source: Rakuten Research - 5 Aug 2019

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment