Daily Trading Stocks : IOI Corp Bhd

IOI’s rebound could  extend further after closing at its highest in almost three months. A position can be initiated above RM5.30, or otherwise above  the psychological RM5.50, with a close below  the recent low of RM5.15 as  a  stop-loss. The price target is RM6.10, with selling also expected at RM5.80. Failure to break RM5.50 likely sees it sideways and strong support is at RM4.90.

Source: OSK