KUALA LUMPUR (July 31): RHB Retail Research said IOI Properties Group Bhd may trend higher after it formed a long white candle and breached above the RM1.80 threshold.

In a trading stocks note today, the research house said with the 21-day SMA line edging upwards, this also implies a positive outlook sentiment.

“A bullish bias may emerge above the RM1.80 level, with an exit set below the RM1.69 threshold.

“Towards the upside, the immediate resistance is at RM1.90. This is followed by the RM2.05 level,” it said.