IGB REIT is poised to propel northwards, as buying pressure was observed following the recent pullback to form a “higher low” bullish pattern below the MYR1.65 immediate resistance. If this resistance is breached, the stock may trend higher towards MYR1.70 and then the MYR1.75 resistance. Conversely, the momentum may reverse if it drops below the MYR1.56 support – trading below the 21-day average line.
Source: RHB Securities Research - 20 May 2022
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IGBREITCreated by rhbinvest | Apr 25, 2024