IGB REIT may move above the sideways consolidation phase at the resistance of MYR1.65, since buying pressure emerged yesterday above the 21-day average line. If a breakout above that level happens, the stock may propel further towards the resistance of MYR1.70, followed by MYR1.75. If it falls below the support level of MYR1.61 – below the average line - the stock may trend downwards.
Source: RHB Securities Research - 1 Jun 2022
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IGBREITCreated by rhbinvest | Apr 23, 2024