RHB Retail Research

Trading Stocks - IJM Corporation

rhboskres
Publish date: Tue, 07 Jan 2020, 11:36 AM
rhboskres
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RHB Retail Research

IJM Corp may trend higher after it formed a second consecutive white candle. In view that the 21-day SMA line is likely to begin turning upwards, this implies a positive outlook. A positive bias may emerge above the MYR2.22 level, with an exit set below the MYR2.15 threshold. Towards the upside, the immediate resistance is at the MYR2.36 mark. This is followed by the MYR2.48 level.

Source: RHB Securities Research - 7 Jan 2020

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