Monday, June 18, 2012

Technical Analysis June 2012: IJM (3336)


IJM CORPORATION BERHAD

Observation from Chart:-

On 18 June 2012, IJM retest MA20 resistance level.

Will it break through?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K trigger BUY call, pending confirmation.

High probably it will break through MA20, retest MA50 resistance level.
If retrace down, it might retest RM5 psychology support level.

Let watch closely.

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