$IJM (3336.MY)$ 🧠 IJM: Pullback ≠ Trap. Here’s the Plan. 📉...

🧱 Key Levels
🟢 Support: 2.68 – 2.70
 • Must hold to stay constructive
🔴 Fail level: < 2.65 (risk increases)
🟡 Resistance: 2.85 → 2.97

🎯 Trade Plan (NFA)
✅ Aggressive entry:
Near 2.68–2.72, only if support holds
✅ Safer entry:
Break & hold above 2.85 with volume
❌ Cut loss:
Close below 2.65 on strong selling
🎯 Targets:
TP1: 2.85 (rebounce zone)
TP2: 2.95–3.00 (supply area)
📌 Stretch upside depends on deal clarity / re-rating.

🤔 Why price not stuck near 3.15?
Deal = cash + Sunway shares, not all cash
Arbitrage funds need time to rebalance
Market pricing probability, not headline
Normal for M&A plays.

🧩 Bottom Line
This looks like profit-taking + consolidation,
not a bull trap.
Let price confirm — don’t chase candles.
(For discussion & learning only. NFA)