IJM elliotwave updated 1/April/22IJM as one of the construction’s “conglomerate” in Malaysia probably “reflected “ earlier on economy slowdown and “react” slower on economy recovery....
IJM
IJM elliotwave updated 1/April/22IJM as one of the construction’s “conglomerate” in Malaysia probably “reflected “ earlier on economy slowdown and “react” slower on economy recovery....
IJM probably at triangle or flat in wave a (green) 1/August/21P/S. Chart Pattern "Work"! As "Geometry Pattern" as "Face Expression"" are a form of " Reflection of Emotion " from market sentiment. It doesn't matter that "emotion" was a "Face Expression" "generated" by a "dogs. cats etc" or humans OR on Charts! IT's "nature phenomena"!! .. for us to "feel,see" the "fear. greed, euphoria " etc on the market!..
IJM probably still in ranging market either in flat or bearish triangle pattern. before trending down toward around RM 0.75 the next major demand zone and meaning Malaysia Construction Industry only recover on late 2023 or 2024??
IJM's turn for spotlight soon?Looks like IJM sprinted way ahead of its time. A case of too early too fast perhaps. But anyway, it's looking like a cup and handle formation with the neckline at RM2.02. Will it jump back up the next session after a red candle today? Let's see what Mr Market says. Definitely worth keeping this in the watchlist and monitor for breakout play. Still good as long as support and trend line is not violated.
Dislaimer:
This is by no means a recommendation to buy/sell. The ideas shared here are mainly for educational purpose only. Please consult your financial advisor prior to any investment decision.
