RHB Investment Research Reports
Trading Stocks - IOI Corporation
rhbinvest
Publish date: Mon, 24 Jul 2023, 10:49 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
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Tel : +(60) 3 9280 8888
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
IOI Corporation is in the midst of scaling higher after breaking past the MYR4 psychological resistance. We observed that the volume is increasing in tandem with the share price – showing strong bullish momentum is underway. The stock is eyeing to test next resistance at MYR4.20, followed by the MYR4.50 level. Meanwhile, falling below the MYR3.80 support will negate the bullish setup.
Source: RHB Securities Research - 24 Jul 2023
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