Bursa Malaysia Construction Index
The recent price action has seen the index bouncing near the middle band, suggesting a period of equilibrium after the correction.
Resistance: The recent high around 320 can be considered a key resistance level. The price failed to sustain above this level in July, leading to the correction.
Sup
BM Construction Sector - Retracement in ProgressBM Construction Sector.
Currently the index is in a retracement of a bullish trend. The index came close to the support level (RBS) and still above the Kijun Sen. The index is possible to retrace until 38.2% to complete wave 4. This sector has the potential to continue bullish.
2024 Construction ProspectHAPPY 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.
Bursa CRONSTRUCTN's destiny 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
CONSTRUCTCN, one last round prior to SEConstruction 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:
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Displays a symbol's price movements over previous years to identify recurring trends.