Rakuten Trade Research Reports
Technical View - Iris Corporation Bhd (IRIS, 0010)
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Publish date: Fri, 02 Oct 2020, 10:43 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 16.1% or 4.5 sen to RM0.325 yesterday.
• Yesterday’s price action on the back of rising volume indicates the renewed buying support closing near the day high. From here, we expect continued buying momentum to persist hence share price is likely to surge higher with a bullish bias breakout.
• Resistance levels are expected at RM0.360 (R1) and further to RM0.450 (R2) level.
• Likewise, support levels are seen at RM0.300 (S1) and RM0.255 (S2).
Source: Rakuten Research - 2 Oct 2020
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