Innoprise Plantations is set to rebound higher after staging a technical breakout yesterday on stronger volume – breaching above the consolidation phase of MYR1.85. If the bullish momentum persists, the stock may climb further towards the MYR2.08 resistance – its historical high – before printing a new high level at the MYR2.20 mark. If it falls below the support of MYR1.75, the stock will likely move downwards, beneath the 21-day average line.

Source: RHB Securities Research - 12 Apr 2022