RHB Retail Research
Trading Stocks - IJM Plantations
IJM Plantations may climb higher after forming another white candle and leaving an upside gap. This upward momentum is likely to continue, given that it is the second consecutive white candle. A positive bias may emerge above the MYR2.20 level, with an exit set below the MYR2.10 threshold. Towards the upside, the immediate resistance is at the MYR2.40 mark. This is followed by the MYR2.50 level.
Source: RHB Securities Research - 30 Dec 2019
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