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True HK.... apparently many large construction companies experienced very slim profit margins. winning overseas projects primarily to build their reputation..
As my POV , IJM is currently at a decision point inside a symmetrical triangle. A real reversal only occurs if the price breaks and closes above RM2.60 with strong volume, confirming a higher low pattern. Until then, it’s still a technical consolidation inside a downtrend channel.
Today’s lower selling volume compared to yesterday suggests sellers are losing momentum. If the next candle shows green with rising volume, that could mark the start of a short-term reversal.
but tomorrow closes below 2.40 with higher red volume, breakdown likely
