RHB Retail Research
Trading Stocks - IJM Corporation
IJM Corporation has been undergoing a minor sideways consolidation phase around the 21-day SMA line over the recent sessions. An upside breach of the MYR1.38 resistance would likely see the stock extending its upward move with subsequent resistance points pegged at MYR1.52 and MYR1.67. A downside breach of the MYR1.29 support would invalidate this positive bias.
Source: RHB Securities Research - 8 Sept 2020
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