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IRIS Corp Bhd’s (code: 0010) correction starting June 25 may already be over as the stock bounces off the supporting line to make a break above the descending trend line.

Iris’ share price has not had a good year so far, having reached a peak of 24.5 sen on Jan 10 before pulling back.

A double-peak was formed during this January period, which preceded a sustained downtrend, leading the stock to the July low of 13.5 sen.

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