RHB Investment Research Reports
Trading Stocks - IOI Properties Group
rhbinvest
Publish date: Wed, 08 May 2024, 10:28 AM
rhbinvest
0 4,584
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 resume its uptrend after climbing above the 21-day SMA line, surpassing the MYR2.22 immediate resistance level. A bullish bias above that level may drive the stock higher towards the recent high of MYR2.36, followed by MYR2.50. However, falling below the MYR2.10 support would reverse the momentum, as it would be trading below the SMA – thereby forming a “lower low” bearish structure.
Source: RHB Securities Research - 8 May 2024
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
