IJM chart looks very bullish to me. My reading is that it has completed its major wave (I) & (II) and wave 1 & 2 and sub-wave i & ii, it has started its wave iii of 3 of (III).
It closed Tuesday session at 5.13 after reaching an intra-day height of 5.16, unable to break its previous height. The 5.15 and 5.16 levels can be considered as resistance levels. It will either break and run away immediately or it will rest here for a day or two to form a small sub-sub-wave before it breaks the resistance.
Come and meet Art Harun, Tuan Hj. Sulaiman Abdullah and Nathaniel Tan at Launch of Phase 6 : Judiciary.
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