Stock Picks Of The Day –  HE Group, IOI Properties Group

HE Group is set to resume its uptrend as it inched higher yesterday and pushed above the MYR0.52 immediate resistance level.

If the breakout is sustained, the stock would trend higher towards the all-time high of MYR0.565, followed by MYR0.60.

On the flip side, falling below the MYR0.48 support would negate the bullish setup.

IOI Properties Group is set to resume its uptrend after climbing above the 21-day SMA line, surpassing the MYR2.22 immediate resistance level.

A bullish bias above that level may drive the stock higher towards the recent high of MYR2.36, followed by MYR2.50.

However, falling below the MYR2.10 support would reverse the momentum, as it would be trading below the SMA – thereby forming a “lower low” bearish structure.

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