IOIPG: Poised to move higher

IOIPG broke above its intermediate downtrend line at RM2.45 in August 26. Last Friday, it broke above the horizontal line RM2.55-2.57 with good volume. With the latest breakout, IOIPG could commence its upleg.

Based on bullish technical outlook, IOIPG could be a trading BUY.


Chart: IOIPG's daily chart as at Sep 12, 2014 (Source: Chartnexus)

Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, IOIPG.