IJM may rally if it can close above June’s high of RM5.25. A position can be initiated if it happens, with a close below the four-week low of RM5.10 as a stop-loss. The price target is RM5.80 and selling is also expected at RM5.50. Failure to break higher could see the stock lower. Further support is at RM4.90.
Source: OSK
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