Innoprise Plantations is set to propel higher, as it rebounded strongly from its intraday low to close above the MYR2.00 threshold. If the momentum persists, the stock is expected to hit the recent high at MYR2.16, followed by the MYR2.20 mark. However, the momentum may decline if it falls below the MYR1.90 support level – the lowest point yesterday.
Source: RHB Securities Research - 27 Apr 2022
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