IJM formed a white candle, breaking away from the 30-day SMA line with a strong trading volume – which indicates that its uptrend may be resuming. A positive bias may emerge above the MYR2.18 support level, while resistance levels are at MYR2.35 and MYR2.50. A stop-loss can be placed below MYR2.18.
Source: RHB Securities Research - 14 Feb 2020
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