IOI Corp Market Review

Smart Finance

IOI Corp has been moving in tandem with the overall bullish market sentiment from a low of RM2.08 to its recent high of RM4.86. However the current uptrend of IOI Corp is showing signs of exhaustion with the MACD displaying a bearish divergence coupled with the Stochastic oscillator turning down from its overbought level.

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IOI Corp

Thus a correction may be expected at any point of time for IOI Corp. If there is a break below the recent low of RM4.42, there are chances to see a slide towards its next technical support of RM4.00. Resistance is at its recent high of RM4.86 and a break above it may see IOI Corp resuming its uptrend towards its next target at RM5.15.

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