IBRACO Bhd
Tue, 23-Jan-2024 07:22 am
by Kenneth Leong • Apex Research

IBRACO (5084)
Last Price (RM)
0.960
Resistance (RM)
R1 — 1.100 / R2 — 1.160
Support (RM)
S1 — 0.885

Price has re-established the uptrend formation after forming a double top formation. Following the recent retracement, price has formed a bullish candle and recovered above EMA9. Traders may anticipate for a potential flagformation breakout above RM0.975 to target the next resistances at RM1.10-11.6. Downside wise, support is pegged at RM0.885.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.490853 4.522006
EUR 4.639566 4.648137
CNY 0.612159 0.612811
HKD 0.577202 0.581207
SGD 3.277866 3.303864