IOI Corp
IOI Corp recovered from a near six-month low of RM4.90 on May 16 to a high of RM5.30 in mid-June, coincidentally also the 100-day simple moving average before pausing. Apparently, the moving average convergence/divergence histogram is rising steadily, implying there may be more scaling in the pipeline, targeting the RM5.60 level. Support is pegged at the RM5.18 floor.
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