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ibhd has broken an almost 1 year downtrendline, currently is going sideways. It seems to be in an accumulation phase shown by increased volume transactions since the last quarter result. Rsi and Macd indicators are showing bullish divergence setups. Fundamentally, p/e is low, the earnings are decreasing, but it is consistent in producing earnings. But the recent interest rate cut and probably another one will increase the property loan numbers hence the earnings prospect of the company.
weird, after the stimulus package is confirmed, but this share still drop to 0.19, because the main stable income is Icity mall. and now 0.195 is below big player cost. I think soon company will having movement. let wait and see