RHB Retail Research

Trading Stocks - Innoprise Plantations

Publish date: Thu, 02 Dec 2021, 05:44 PM
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RHB Retail Research

Innoprise Plantations is eyeing the 52-week level high, as it bounced off to cross above the immediate resistance of MYR1.33 yesterday amid strong trading volume. If it manages to remain above that level, a follow-through of this bullish momentum should propel the stock towards the 52-week high of MYR1.40, followed by the next resistance point of MYR1.50, which is its 20-year high. If it falls below the MYR1.25 support, the momentum may be reversed.

Source: RHB Securities Research - 2 Dec 2021

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