IJM Plantations may slide after failing to break above the RM3.30 resistance level. Liquidation can be made on a close below RM3.20 and supports are expected at RM3.06 and the May low of RM2.94. A close above RM3.30 will nullify the negative bias, from thence look for the stock to head higher instead. A successful violation of the recent high of RM3.40 could see the stock reach RM3.90.
Source: OSK
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