RHB Retail Research
Trading Stocks - IOI Properties Group
IOI Properties Group’s buying momentum may have returned after it rose above the 21-day SMA line. This can be viewed as a continuation of the bulls extending the rebound from 14 May’s “Hammer” pattern. A positive bias may emerge above the MYR1.26 level, with an exit set below the MYR1.16 threshold. Towards the upside, the immediate resistance is at MYR1.41. This is followed by the MYR1.49 level.
Source: RHB Securities Research - 30 May 2019
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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....
