RHB Retail Research
Trading Stocks - IJM Corp
IJM Corp may rise higher after it formed a second consecutive white candle. The upward momentum will likely continue, given that it has breached above the downtrend line drawn in the chart. A bullish bias may emerge above the MYR2.23 level, with an exit set below the MYR2.11 threshold. Towards the upside, the immediate resistance is at MYR2.37. This is followed by the MYR2.44 level.
Source: RHB Securities Research - 14 Oct 2019
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