RHB Retail Research
Trading Stocks - IOI Properties Group
IOI Properties Group may climb higher after it breached above the downtrend line drawn in the chart. This upward momentum is likely to continue, as it posted a second consecutive white candle. A positive bias may emerge above the MYR1.11 level, with an exit set below the MYR1.06 threshold. Towards the upside, the immediate resistance is at the MYR1.25 mark. This is followed by the MYR1.36 level.
Source: RHB Securities Research - 14 Nov 2019
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