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The construction sector is operating at its peak momentum, upcoming news or developments are unlikely to have any significant impact.
The IJM chart indicates a weakening trend as it has broken through several key support levels.
People might be wondering why the price is going down ? this indicates that market sentiment and fund flow have not yet fully supported the sector. Even though IJM has positive news such as new projects and awards, the overall weakness in the sector also cause short-term pullbacks.
