Simple13: Consider Taking Profits in the Property SectorCurrently, momentum in the property index is weakening. On the weekly chart, there’s a clear RSI divergence, signaling a potential slowdown. Plus, many property stocks are still trading at high prices, so taking profit could be a good move to manage risk.
A key signal to watch is if the 10 EMA crosses below the 20 EMA on the weekly chart for the property index. If this happens, it could indicate a strong momentum drop in the sector.
Additionally, other sectors like palm oil and tech are showing stronger momentum gains. There’s a high possibility that investors might start shifting funds into these sectors, seeking better returns.
Risk management is essential for success in this market. Keep a close eye on sector movements, and consider rotating into areas with stronger momentum.
May the market be with you!
Disclaimer:
This is for informational purposes only and not a recommendation to buy or sell. Please conduct your own research and assess your risk tolerance before investing. MYX:IOIPG MYX:KSL MYX:ECOWLD
PROPERTIES trade ideas
BM Properties Sector. - RetracementBM Properties Sector.
Currently the index is in a retracement of a bullish trend. The index came close to the support level. We want to see the index reverse and close above the Kijun sen in order to continue bullish. This sector has the potential to continue bullish.
PROPERTIES index, waiting for the timeSimilar with CONSTRUCTN index, waiting for the time to rebounce.
>> Price still above EMA 20
>> bottom fish 🐟 has signal 🚦
>> Big boys still there, waiting for retailers....
Monitor the relevant symbols/ counters.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
PROPERTIES INDEX MALAYSIA 2021- WEEKLYProperties Index shows solid recovery from bottom lowest point in 2020. Current point just breaking short term downtrend and expected to return to bullish area around 740 points. Counter on radar will be the Upstream Related Business to Properties and Construction like Resintc, Astino, Ifcams, Poly & Superln.
Disclaimer: This trading idea is strictly intended for educational purposes only so please do your own study before making decision.
