RHB Retail Research
Trading Stocks -IJM
IJM rose higher to test the resistance level of MYR1.45 in its attempt to breakout from the 1-month consolidation pattern. If a breakout from the resistance level is successful, the next resistance levels will be at MYR1.55 and MYR1.65. This positive expectation would remain valid, provided the MYR1.36 support does not fail.
Source: RHB Securities Research - 1 Oct 2020
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