IOI Properties Group may rebound further after it tested the MYR1.26 support in its latest session. Given that the stock has formed a “Hammer” pattern on 28 Mar, this indicates a potential rebound. A bullish bias may emerge above the MYR1.26 level, with an exit set below the MYR1.26 threshold. Towards the upside, the immediate resistance is at MYR1.41. This is followed by the MYR1.49 level.

Source: RHB Securities Research - 29 Mar 2019