RHB Retail Research
Trading Stocks - IOI Properties Group
IOI Properties Group may rise higher after it recently breached above the downtrend line drawn in the chart. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may emerge above the MYR1.34 level, with an exit set below the MYR1.25 threshold. Towards the upside, the immediate resistance is at MYR1.46. This is followed by the MYR1.55 level.
Source: RHB Securities Research - 4 Jun 2019
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