AmInvest Research Reports

Stock on Radar - IOI Properties Group

AmInvest
Publish date: Tue, 14 May 2024, 10:24 AM
AmInvest
0 9,457
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

IOI Properties Group may trend higher after it surged to a new multi-year high and closed above the RM2.36 resistance with a long positive candle yesterday. As the stock also broke out of the 4-month bullish rectangle pattern, it may see additional strength in the near term. A bullish bias may emerge above the RM2.36 level with stop-loss set at RM2.22, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM2.70, followed by RM2.80.

Entry : RM2.36–2.50

Target : RM2.70, RM2.80

Exit : RM2.22

Source: AmInvest Research - 14 May 2024

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment