Technicals: IRIS Group – Possible For Chart Pattern Breakout (0010, Technical Buy)

Malaysia's reserves rose to US$132.6 billion, indicating economic resilience amid global uncertainties and enhancing investor confidence.

By Staff Writer · July 8, 2026 · 1 min read

IRIS appears poised to break out from its descending triangle chart pattern, with continued improvement in both momentum and trend anticipated in the near term.

Should immediate resistance level of RM0.265 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.285.However, failure to hold on to support level of RM0.220 may indicate weakness in the share price and hence, a cut-loss signal.