Iris Corp poised for upside breakout, says RHB Retail Research

Iris Corp poised for upside breakout, says RHB Retail Research
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KUALA LUMPUR (Aug 30): RHB Retail Research said Iris Corporation Bhd is poised for an upside breakout, consolidating before the immediate resistance.

In a trading stocks note today, the research house said it observed the trading volume fell during recent session, signalling the selling pressure is fading.

“If it manages to break past 25 sen, the bullish momentum may accelerate towards the next resistance of 27.5 sen, followed by 30 sen.

“In the event it falls below the 23 sen support, this expectation would be cancelled,” it said.