Symbol: IJMLAND Stock code: 5215 Price: RM2.42
Technical Comments: Given the oversold 14-day RSI, any further fall on IJM Land will be attractive to buy for oversold rebound towards RM2.51 (38.2%FR) and RM2.67 (50%FR), matching the upper Bollinger band. Key retracement support is at RM2.31 (23.6%FR).
below: IJM Daily Chart (click to enlarge)
The principal activity of the Company is that of investment holding. The principal activities of the subsidiaries are property development, property investment, and hotels and recreation club operations.