RHB Investment Research Reports

Trading Stocks - IOI Properties Group

rhbinvest
Publish date: Fri, 19 Jan 2024, 05:00 PM
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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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