Rakuten Trade Research Reports
Technical View - Iris Corporation Bhd (IRIS, 0010)
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Publish date: Wed, 09 Sep 2020, 11:52 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 rose 2.7% or 1 sen to RM0.375 yesterday.
• Share price is currently trading above all key moving averages indicating positive buying interest. It has received LOI on India e-passport project worth US27.54m which is likely to see renewed interest on this stock. Hence, we expect share price to continue its bullish uptrend.
• Resistance levels are expected at RM0.40 (R1) and RM0.45 (R2).
• Conversely, support levels are expected at RM0.35 (S1) and RM0.30 (S2).
Source: Rakuten Research - 9 Sept 2020
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