IJM Corporation may rebound further after it tested MYR1.60 support in recent trades. Yesterday’s candle sent the stock to its 1.5-month high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR1.87 level, with an exit set below the MYR1.60 threshold. Towards the upside, the near-term resistance is at MYR2.08. This is followed by the MYR2.35 level.
Source: RHB Securities Research - 20 Jul 2018
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IJMCreated by rhboskres | Aug 26, 2024