Thursday, 27 September 2012

Stock Overview - IJM - 28 Sep 2012

IJM ( 3335 : 4.73 ) : Targeting 5.00/Stop loss 4.62

Description

Resistance : 5.00
Support : 4.62

RSI of 33
RSI is on the rise

STOCHASTIC
It is oversold

Comment
Following the recent sharp sell down to 4.51, it is in for a technical rebound to test 5.00 resistance

Trading Strategy
Buy. Stop loss is at 4.62

Source:Jupiter Securities Research, 28 September 2012

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