RHB Investment Research Reports
Trading Stocks - IOI Properties
rhbinvest
Publish date: Wed, 16 Oct 2024, 10:57 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
IOI Properties is poised to extend the bullish trajectory after climbing above the resistance on strong volume. Yesterday, the counter charted a long bullish candlestick and closed above the MYR2.27 breakout point, showing strong bullish momentum is underway. After the breakout, expect a follow-through price action to test MYR2.50, followed by MYR2.75. However, if it pulls back below the MYR2.10 support level, this will negate the bullish setup.
Source: RHB Securities Research - 16 Oct 2024
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