RHB Retail Research
Trading Stocks - Iris Corporation
Iris Corporation is poised for an upside breakout, consolidating before the immediate resistance. We observed the trading volume fell during recent session, signalling the selling pressure is fading. If it manages to break past MYR0.25, the bullish momentum may accelerate towards the next resistance of MYR0.275, followed by MYR0.30. In the event it falls below the MYR0.23 support, this expectation would be cancelled.
Source: RHB Securities Research - 30 Aug 2021
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