Rakuten Trade Research Reports
Technical View - IJM Corporation Bhd (IJM, 3336)
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Publish date: Mon, 13 Apr 2020, 06:35 PM
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Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
IJM Corporation Bhd (3336)
• IJM share price increased 6 sen or 3.5% to RM1.78 last Friday.
• Share price has crossed the 20-day simple moving average line, indicating further upside. Supported by the bullish signal from key indicators, we expect it to rebound towards RM1.90 level.
• As such, resistance levels are seen at RM1.85 (R1) and further to RM2.00 (R2)
• Likewise, support levels are identified at RM1.67 (S1) and RM1.47 (S2).
Source: Rakuten Research - 13 Apr 2020
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