IJM, at bottom? Or ...The stock continues to decline, showing no clear signs of a reversal yet. The price remains in a downtrend, with each move lower reinforcing the bearish momentum.
At the moment, 2.10 serves as the key support level, where buyers may attempt to defend the price. On the upside, the nearest resistance zone is around 2.40 – 2.55, which must be cleared for any meaningful recovery.
To break out of this downtrend, the stock needs to establish a more structured pattern, essentially building a "staircase" of higher lows and higher highs. Without this formation, any upward movement may struggle to gain traction.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research or consult with a professional before making any investment decisions.
