I-Bhd, whose share price has dwindled to a seven-year low, may have found its bottom for the immediate term.
While the stock can be been moving in a consolidation channel, Tuesday's positive performance saw the share price rise above the 50-day simple moving average (SMA) in intra-day trade, a resistance that has been untested for six months.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!