Saturday, December 10, 2011

Technical Analysis Dec 2011: IJMPLNT (2216)



IJM PLANTATIONS BERHAD

Observation from Chart:-

On 7 Dec 2011, IJMPLNT succeed break throguh RM2.73 resistance level.

What's next resistance level?

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

It mght be hugging bolinger upper band go higher high.
Strong resistance would be RM2.95 & RM2.98 level.

If retrace down, immediate support would be MA20 or RM2.73 level.

Let watch closely.

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