Monday, December 5, 2011

Technical Analysis Dec 2011: IJM (3336)


IJM CORPORATION BERHAD

Observation from Chart:-

On 5 Dec 2011, IJM break down MA100 support level.

Volume of dispose were seen on three consecutive days.

What's next support level?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K already trigger SELL call.

High probably will retest RM5.42, which is MA50 support level.
Subsequent support, RM5.07 level.

If rebound MA100 is immediate resistance level.

Let watch closely.

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