Rakuten Trade Research Reports
Technical View - IJM Corporation Bhd (IJM, 3336)
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Publish date: Fri, 20 May 2022, 10:58 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
• Share price closed 2.8% higher at RM1.84 on Thursday.
• IJM was breaking out from its consolidation phase with higher trading volume yesterday. Its share price is also trading above all its key moving averages.
• Coupled with upticks in its indicators, its share price is expected to move higher.
• Resistance levels are identified at RM1.92 (R1) and RM2.06 (R2).
• On the flipside, support levels are pegged at RM1.77 (S1) and RM1.72 (S2).
Source: Rakuten Research - 20 May 2022
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