• The research house said that if it manages to surpass that level, the bullish momentum is expected to propel the stock towards the 73.5 sen immediate resistance, followed by the 80.5 sen next resistance.

KUALA LUMPUR (Dec 21): RHB Retail Research said Iskandar Waterfront City Bhd is poised for a positive rebound after bouncing off the 21-day simple moving average line, testing the 67 sen immediate resistance level.

In a trading stocks note on Thursday, the research house said that if it manages to surpass that level, the bullish momentum is expected to propel the stock towards the 73.5 sen immediate resistance, followed by the 80.5 sen next resistance.

“Conversely, falling below the 60 sen support would point towards a potential downtrend,” it said.

Looking to buy a home? Sign up for EdgeProp START and get exclusive rewards and vouchers for ANY home purchase in Malaysia (primary or subsale)!

SHARE
SPONSORED CONTENT
Maris and The Lume spell the Andaman standard in luxury high-rise coastal living in Penang

Whether it’s the marina-edge vibrancy of Maris, where panoramic sea views meet urban ease; or the resort-style tranquillity of The Lume, where space, privacy, and timeless design reign, these developments reflect the highest standards of craftsmanship and liveability.

read more
RELATED POSTS
  1. Scientex 4Q net profit rises 13.6% on strong project progress and new launches
  2. Advancecon unit bags RM66.9 mil earthworks job for Southern Ibrahim Technopolis
  3. Ilham Tower and Ilham Baru bid to halt company secretary from sharing info with MACC