IJM may rebound if it closes above last week’s high of RM5.12. A purchase can be made if it happens and a close below psychological RM5.00 can be employed as a stop-loss. The price target is RM5.60 and RM5.70. A failure to break higher and a close below RM5.00 should see the downward move continue. Supports are at RM4.80 and RM4.50.
Source: OSK
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