Sunday, January 8, 2012

Technical Analysis Jan 2012: IJM (3336)



IJM CORPORATION BERHAD

Observation from Chart:-

On 6 Jan 2012, IJM retest MA20 support level.

Will it rebound or break down this support?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K NO trigger BUY call.

High probably it will consolidate above MA20.
Immediate resistance would be MA50 level.

Let watch closely.

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