Rakuten Trade Research Reports

Technical View - IJM Corporation Bhd (IJM, 3336)

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Publish date: Fri, 21 Jun 2019, 10:03 AM
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IJM Corporation Bhd (3336)

  • IJM gained 3.9% or 9 sen to close at RM2.40 yesterday.
  • IJM formed a long while candle yesterday, hitting its 52-high of RM2.42 before closing to RM2.40. Share price has broken through a series of resistance levels on the back of stronger buying momentum signalling more potential upside.
  • Should the price be able to break its immediate resistance level at RM2.42 (R1), we expect next resistance towards RM2.57 (R2).
  • Conversely, support levels are found at RM2.04 (S1) and RM1.85 (S2).

Source: Rakuten Research - 21 Jun 2019

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