IGB Real Estate Investment Trust
(IGB-REIT) continued on its uptrend yesterday, taking out a resistance at RM2.88 to approach a recent high of RM3.06.
Based on the daily price chart, there is a bullish outlook on the stock as it continues to outpace the short-term simple moving averages.
The technical indices are robust, with the slow-stochastic rising to 56 points and the 14-day relative strength index (RSI) arriving at 64 points.
The daily moving average convergence and divergence (MACD) histogram is also maintaining a positive trajectory wit rising momentum.
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