200+ millions volumes done yesterday, that is 10 times 4 weeks average volumes. This will give a basic support at 1.60. At the end of yesterday trading, there were more buy queue than sell queue, that is a good sign.  Plus IWCITY has already dropped 47%+, the downward risk has soften, buyers are waiting for the right time and right price to enter. Probably the price will hover between 1.55-1.70 on the remaining two trading days this week. 

Rumours said China Tycoon's offer price for bandar malaysia is RM10 billions higher than IWC, no wonder the deal was cancalled.  Perhaps government will give back some sort of 'consolation' deal to Lim.