OSK Research sees bounce in Integrated Rubber Corp's shares

KUALA LUMPUR (Dec 29): OSK Retail Research said INTEGRATED RUBBER
CORPORATION [] Bhd's (IRCB) share price has already retraced back to
15.5 sen, which is the opening level of the strong intra-day rally on
Oct 20.

It said on Thursday that on that day, the stock rallied
29% and the opening point of such strong price action was normally
perceived as strong buying support.

'As IRCB's volume had
noticeably increased yesterday, there is a possibility that the stock
will start rebounding from here and towards the 200-day MAV line.
'Traders could consider accumulating the shares at the current level and
bet for a rebound to emerge near the 15.5 sen level,' it said.


OSK Research said the 200-day MAV line, which now lies at the 18
senlevel, represented the upside target. On the flip side, the stop loss
is pegged at below the 15.5 sen level.

hlk wrote:KUALA LUMPUR (Dec 29): OSK Retail Research said INTEGRATED RUBBER
CORPORATION [] Bhd's (IRCB) share price has already retraced back to
15.5 sen, which is the opening level of the strong intra-day rally on
Oct 20.

It said on Thursday that on that day, the stock rallied
29% and the opening point of such strong price action was normally
perceived as strong buying support.

'As IRCB's volume had
noticeably increased yesterday, there is a possibility that the stock
will start rebounding from here and towards the 200-day MAV line.
'Traders could consider accumulating the shares at the current level and
bet for a rebound to emerge near the 15.5 sen level,' it said.


OSK Research said the 200-day MAV line, which now lies at the 18
senlevel, represented the upside target. On the flip side, the stop loss
is pegged at below the 15.5 sen level.

After IRCB announced net loss of RM5.3 million