IJMLAND-WA (5215WA):
IJM Land Berhad (IJM Land), formerly RB Land Holdings Berhad, is an investment holding company. The Company is principally engaged in property development, construction, hotel operations and investment holding. The Company operates in four segments: hotel, which operates and manages hotel and other related services; property development, which is engaged in development of land into vacant lots, residential, commercial and industrial buildings and management of properties; construction, which is engaged in construction activities, and investment holding, which is engaged in provision of corporate and financial support to the Company, property investment and other dormant companies. During the fiscal year ended March 31, 2009 (fiscal 2009), the Company acquired 100% interest in IJM Properties Sdn Bhd and RB Development Sdn Bhd.
Whereas this IJMLAND-WA is matutred by 11-Sep-2013 with exercise of RM1.35 @ 1:1.
Should our FBMKLCI could sustain above the BBMB (1265) and gradually on uptrending, then this counter may potentially breaking new high at 1.40 and may finally rocking up toward the final Elliot Wave No.5 (as per attached chart below). In view of our parallel uptrending direction, the prospective techincal target may project towards 1.70 to 2.00 range depend on the market situation.
Today, the bollinger band open 2% with highest closing at 1.30. RSI stands at 80, STC stands at 100, MACD and MOM are uptrending, excpet the volume has not passed the average level of about 1,200 lots.
Lets keep monitoring for the volume participation to push the price higher. Should any one took position in it, always follow your own cut lost plan if the market unexpectedly turn around.
