IOI Corporation may move higher after it continued holding above the MYR4.33 support. Last Friday’s white candle sent the stock to its 2-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR4.50 level, with an exit set below the MYR4.33 threshold. To the upside, the near-term resistance is at MYR4.65. This is followed by the MYR4.74 level.

Source: RHB Securities Research - 18 Sept 2018