RHB Investment Research Reports
Trading Stocks - IOI Properties Group
rhbinvest
Publish date: Fri, 19 Jan 2024, 05:00 PM
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
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
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 Properties Group is set to surge after breaching above the MYR2.08 recent high on strong trading volume. Tracking the rising 21-day SMA line, the stock is likely to assume its uptrend in the coming sessions, leading towards the MYR2.30 mark, followed by the next resistance at MYR2.50. On the flip side, a drop below the MYR2 support would indicate a potential downtrend, beneath the SMA line.
Source: RHB Securities Research - 19 Jan 2024
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