Feb 5, 2014

Further Fall On IJM Land Will Be Attractive

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)

ijmland by TA Securities

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.