RHB Retail Research

Trading Stocks - IJM Corp

rhboskres
Publish date: Tue, 09 Apr 2019, 03:18 PM
rhboskres
0 9,021
RHB Retail Research

IJM Corp may climb higher after forming a long white candle and hitting its highest close in more than 10 months. With the 21-day SMA line edging upwards, this also implies a positive outlook sentiment. A bullish bias may emerge above the MYR2.22 level, with an exit set below the MYR2.03 threshold. Towards the upside, the immediate resistance is at MYR2.42. This is followed by the MYR2.63 level.

Source: RHB Securities Research - 9 Apr 2019

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