Rakuten Trade Research Reports
Technical View - IJM Corporation Bhd (IJM, 3336)
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Publish date: Wed, 02 Sep 2020, 04:48 PM
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IJM Corporation Bhd (3336)
• IJM closed 9.2% or 11 sen higher to RM1.31 yesterday.
• Chart-wise, yesterday’s rebound could signal potential bottoming out from the low of RM1.15 level. With renewed buying interest supported by the uptick from key momentum indicators, share price is likely to trend higher.
• From here, resistance levels are expected at RM1.42 (R1) and RM1.60 (R2).
• On the downside, support levels are identified at RM1.22 (S1) and RM1.15 (S2).
Source: Rakuten Research - 2 Sept 2020
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