IJM movement had spokenIJM CORPORATION BHDMYX_DLY:IJMchongchanyau### Technical Analysis of IJM Corporation Berhad (IJM) **As of July 29, 2025** --- #### **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. --- #### **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. --- #### **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). --- **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.