RHB Retail Research
Trading Stocks - Ireka Corporation
Ireka Corporation is staging an uptrend reversal, as it broke away from the consolidation phase of MYR0.67 yesterday, on increased trading volume – printing a “White Marubozu” candlestick. The bullish momentum is expected to persist above that level towards the MYR0.77 threshold, followed by the MYR0.81 multi-year high. Conversely, falling below the MYR0.61 support will cancel this expectation.
Source: RHB Securities Research - 23 Sept 2021
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