Sunday, October 9, 2016

Technical Analysis Oct 2016: IJM (3336)


IJM CORPORATION BERHAD 

Observation from Chart:-

IJM is forming lower high & lower low.

How low will it go?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on BUY call itinerary.

High probably it will retest downtrend resistance level which is around RM3.40 level.

Immediate support @ RM3.28 level.
Subsequent support @ RM3.21 level.

Immediate resistance @ RM3.40 level.
Subsequent support @ RM3.45 level.

Let 's watch closely.

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