IJM Corporation is poised to resume its uptrend as it climbed above the 21-day average line yesterday – eyeing to hit the MYR1.85 immediate resistance. If it manages to surpass that level, the stock may propel towards the MYR1.95 resistance – the highest point since Sep 2021, followed by the MYR2.06 next resistance. If it falls below the support threshold of MYR1.73, selling pressure may emerge as it sets to draw a “lower low” bearish structure below the average line.

Source: RHB Securities Research - 13 May 2022