IJM (3336)

IJM (3336)

IJM CORPORATION BHD today 18 July 2012 closes at RM4.94, day high RM4.95 and day low RM4.92. Since IJM hit RM6.07 at 8 February 2012, the prices keep dropping and trying to hit year low.  13 & 16 July 2012 it hit RM4.91 which is this year low.  It seems that this counter is under Bearish. So far I did not see any rebound till date.

Average supporting level has been setup at RM4.95. The resistant level will be RM5.18

The moving trend in this few days will be RM4.50 to RM5.18, and

S1 is RM4.95, S2 is RM4,72, S3 is RM4.50
R1 is RM5.18, R2 is RM5.40, R3 is RM5.63
 
This is a construction company. It seems like they did not receive any new project, currently they are clearing their project in hand. Overall there is no buying support from this company. Investor has to be alert.


Useful Data:

Close 18 July RM4.94 (RM4.92~RM4.95)

S= Support Level
R= Resistant Level
 

2012 Year Highest 8 February 2012 RM6.07

2012 Year Lowest 13 & 16 July 2012 RM4.91