RHB Retail Research
Trading Stocks - Iris Corp
Iris Corp is attempting to break out from resistance level marked at MYR0.40. Yesterday, the stock jumped with a higher trading volume. If it crosses the resistance level, we believe the bullish momentum may propel Iris towards the next resistance level at MYR0.44, followed by MYR0.48. Meanwhile, a downward breach of the MYR0.36 support will negate this expectation.
Source: RHB Securities Research - 23 Dec 2020
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