Innoprise Plantations is attempting to chart a multi-year high, as it bounced off the support level on strong volume yesterday. With the strong momentum, the upward movement should be extended if it stays above the MYR1.27 resistance-turned support level. Towards the upside, the next resistance level is pegged at MYR1.34, followed by MYR1.50. However, this positive expectation may be reversed if it breaches below the MYR1.22 threshold.

Source: RHB Securities Research - 11 May 2021