IGB REIT is poised to extend the bullish trajectory after breaking past the resistance on high volume. The counter has climbed above the MYR2.02 resistance on a long bullish candlestick. We observed the volume has been increasing in tandem with the share price, showing strong bullish momentum is in play. The momentum should lift the counter towards MYR2.12, followed by MYR2.20. On the flipside, falling below the MYR1.94 support level would open the door for correction.

Source: RHB Securities Research - 9 Sept 2024