Investor Relation

AmImvestment Bank - Stocks on Radar

Stocks on Radar

Iconic Worldwide (9113)

Iconic Worldwide is poised to test the RM0.735 resistance level. With its RSI indicator pointing upwards, coupled with a bullish white candlestick pattern, we think that the bullish momentum will soon push towards the short-term target price of RM0.79 followed by RM0.83. In this case, the downside support is marked at RM0.64, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.735
Target: RM0.79, RM0.83 (time frame: 2-4 weeks) Exit: RM0.64