IGB will likely decline if it closes again below the 4-month support level of RM2.70. Liquidation can be undertaken if it happens, and supports are expected at RM2.50 and RM2.36. The negative bias will only be nullified if the stock closes above the 1-month high of RM2.80 and only with a violation of the strong resistance at RM3.00 can the stock climb further.
Source: OSK
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