Today, IRIS has made an attempt to stage a breakout from its long term downtrend line.
With today's momentum, IRIS will probably make an attempt to break the long term downtrend line again, tomorrow (VERY LIKELY).
Today's Transactions:
185,123 lots @ 15.5 sen
335,289 lots @ 15.0 sen
IRIS has broke past the MA 200, and together with the MA 20 and MA 50 lines, all are turning upwards. With today's decent volume and further accumulation at 15 sen, IRIS stand a great chance to breakout from its LONG TERM DOWNTREND LINE and limit up!
Furthermore, IRIS appears to be one of the FRONTRUNNER for the National Integrated Immigration System (NIIS) contract worth RM 1.5 billion. This will definitely be one of the main catalysts for IRIS, which could have been proven by the recent movement.
The Directors and Senior Managements have also announced to Bursa their intention to deal the securities (BUY or SELL?). In my opinion, with the imminent award of NIIS, they will most probably buy IRIS.
HUGE POTENTIAL UPSIDE for ALL!
BUY NOW BEFORE IT'S TOO LATE!
https://klse.i3investor.com/blogs/128Huat/2020-05-27-story-h1507865499-IRIS_Corp_Bhd_IRIS_0010_Potential_LIMIT_UP_Stock.jsp
