HAPPY NEW YEAR... 2024 personally looking good on Construction sector. Sector index is entering STAGE 2 UPTREND after coming down since 2018! Stock wise: GAMUDA, IJM, SUNCON RE is another sector that I personally looking good. Tell me what's you guys think on your 2024 prospect.
There was a whole page news about "construction" 🏗️ at the newspaper 📰🗞️ Do those writter only realise when index / stocks up till an extend / reach euphoria level?🤔 As chartist, chart 📉📈 always my best friend. Base on current scenario, it may pullback. Once Hull MA turn red, it may look ugly. And need to stay intact with the uptrend Parallel Channel to continue rally.
Construction index, possible one last round before it heading to South East?🤔 >> price still above EMA 20. >> if broken EMA 20, Parallel Channel as last support. >> Bottom fish 🐟indicator has the signal. >> Operators and big boys seems still there, awaiting retailers for the game?🤔 Disclaimer: Mentioned stocks are solely based on own opinions for education...
Malaysia 2022 election?! Light at the end of tunnel.? When Can We "see" The "Bright" Future of Malaysia Construction Sector? Perhaps end of the 2022?
Construction 12/6/2021 Technical rebound only but stay cautious on the RST mentioned RST 179, 186 SPT 169
Construction index has formed a higher low but still not yet confirm uptrend. I will wait for it to stand up 172 index price.
Slow and steady. Index price supported above the trendline and forming a triangle now. One of the recovery sector too.
Still very weak. At least need to break up 166 first. If not, it will continue with lower low downtrending.
Similar pattern to Properties sector. Not able to climb up EMA50 line and now continue falling with longer red bar. Now the next support is 153. Still long way to go. :(
A resistant at 173.85 need to break up before we confirm reversal of downtrend. Index cool down after the HSR agreement terminated.
Still falling down with MCDX reduced to Zero. No a good prospect for this sector a this moment.
Small correction expected
Again another new high above the support. Looking good and positive.
Construction sector, looking good. Breakout and turning resistance to support. Next destination is 201 resistance laaa...
-16/12 index construction membuat BO selepas membentuk rounding bottom . - Dengan sentimen luar bertambah baik selepas berita vaksin ditemui dan bajet 2021 untuk sektor pembinaan bernilai billion ringgit diluluskan Parlimen akan membuatkan sectorial play untuk pemain2 construction . - Namun masih awal untuk diperkatakan samada sektor ini mampu bertahan lama ,...
Hopefully it is not a one week show. Let see the performance next week again.
Bearish Engulfing Retracement seems completed with Bullish Harami formation at Fibo 0.618 Fast Turtle Buy will appear if index cross and stay above 161.5. If this happen, next week themes will be Construction stock (On top of O&G).