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Support Line : IJM
IJM Corp retreated for the fourth straight session on extended profit
taking yesterday, resulting in the moving average convergence/divergence
indicator slipping below the signal line to trigger a sell.
However, with the short-term stochastic and the 14-day relative strength
index entering the oversold region, investors can expect a technical
rebound soon.
Initial support and resistance are anticipated at RM5.50 and RM6.30
respectively.
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