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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