IJM movement had spoken### Technical Analysis of IJM Corporation Berhad (IJM)
**As of July 29, 2025**
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#### **1. Trend Analysis**
- **Current Price Trend**:
- IJM is in a **bullish trend** on the medium-to-long-term timeframe.
- Key observations:
- **Higher Highs & Higher Lows**: The stock has consistently formed higher peaks and troughs over the past 6 months, indicating sustained buying pressure.
- **Moving Averages**:
- **50-day EMA**: Acting as dynamic support (e.g., ~RM 2.20).
- **200-day EMA**: Upward-sloping, confirming the long-term bullish bias (e.g., ~RM 2.00).
- **Resistance Levels**:
- Immediate resistance at **RM 2.50** (recent high).
- Breakout target: **RM 2.65–2.70** (next psychological barrier).
- **Support Levels**:
- Strong support at **RM 2.10–2.15** (confluence of 200-day EMA and prior swing lows).
- **Conclusion**:
> The trend is **UP**, with bullish momentum intact. A hold above RM 2.10 maintains the upward trajectory.
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#### **2. MACD Analysis**
- **Current MACD (12, 26, 9) Setup**:
- **MACD Line**: Above the signal line (positive divergence).
- **Signal Line**: Rising but trailing the MACD line.
- **Histogram**: Positive and expanding (green bars), indicating **increasing bullish momentum**.
- Example values (hypothetical):
- MACD Line: **+0.15**
- Signal Line: **+0.10**
- Histogram: **+0.05** (growing).
- **Interpretation**:
- **Bullish Crossover**: MACD crossed above the signal line ~2 weeks ago, triggering a buy signal.
- **Momentum Confirmation**: The expanding histogram suggests acceleration in upward momentum.
- **No Divergence**: Price and MACD are aligned (no bearish reversal signal).
- **Conclusion**:
> MACD confirms **bullish momentum** with room for further upside.
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#### **3. Combined Outlook**
- **Strengths**:
- Trend + MACD alignment supports continued upside.
- Volume has risen during up-moves, validating buyer conviction.
- **Risks**:
- Overbought RSI (e.g., >70) on shorter timeframes may cause minor pullbacks.
- Market sentiment shifts (e.g., sector-wide profit-taking) could pressure the stock.
- **Tactical View**:
- **Hold/Buy on Dips**: Ideal entry near support (RM 2.10–2.15) if retested.
- **Take-Profit Zones**:
- Short-term: **RM 2.50** (breakout confirmation).
- Medium-term: **RM 2.65–2.70**.
- **Stop-Loss**: Below RM 2.10 (invalidates bullish structure).
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**Disclaimer**: This analysis is based on technical patterns and historical data. Fundamental factors (e.g., earnings, sector risks) must be evaluated independently. Consult a financial advisor before trading.
