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Daily Trading Stocks: IJM Land Bhd

kiasutrader
Publish date: Thu, 12 Jul 2012, 09:12 AM
IJM  Land  should  rise  further  after  the  firm  close  yesterday.  A purchase can  be made above RM2.20, with a close  below the level as  a  stop-loss.  A  conservative  trader  may  wait  until  a  close  above RM2.35 before entering. The price targets are the Fibonacci level of the  2011-2012  correction  at  RM2.60  and  RM2.80.  Failure  to  break higher should see the continuation of the 10-month sideways move. Strong support is seen at RM2.00.


Source: OSK
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