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Support Line: IJM Plant
IJM Plant pulled back slightly from the recent top of RM4.30 on Feb 27 on
apparent mild profit taking.
Although the moving average convergence/divergence indicator remains in
buy mode, the weakening signal of the stochastic and the 14-day relative
strength index suggest that there is extended correction, with initial
support anticipated at RM3.96, followed by the RM3.86 level, which is the
21-day simple moving average.
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