RHB Retail Research
Trading Stocks - IJM Plantations
IJM Plantations may rise higher after it breached above the MYR1.70 threshold. As the 21-day SMA line will likely begin turning upward, this suggests that additional strength may be present in the coming sessions. A bullish bias may emerge above the MYR1.70 level, with an exit set below the MYR1.48 threshold. Towards the upside, the immediate resistance is at MYR2. This is followed by the MYR2.25 level.
Source: RHB Securities Research - 11 Feb 2019
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