Innoprise Plantations eyeing strong uptrend, says RHB Retail Research

TheEdge Fri, Mar 08, 2024 07:56am - 2 months View Original


KUALA LUMPUR (March 8): RHB Retail Research said Innoprise Plantations Bhd is eyeing a strong uptrend after testing the RM1.54 resistance or 52-week high on Thursday with strong volume.

In a trading stocks note on Friday, the research house said that if a breakout above that level happens, the bullish momentum may accelerate to drive the stock upwards towards the RM1.60 resistance, followed by the RM1.65 next resistance.

“On the other hand, falling below the RM1.45 support will negate the bullish structure,” it said.

 

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