IJM Land may climb further if it can break above the 9-month resistance of RM2.40. A purchase can be made if it happens, with a close below the 2-day low of RM2.25 as stop-loss. An aggressive trader may enter now on anticipation of a breakout. The price target is RM2.80, with selling also expected at RM2.60. A failure to break RM2.40 could lead to a return in selling but strong support is expected at RM2.00.
Source:
OSK