As the construction INDEX turning bearish and down-trending, we need to check the leaders ...
From the list here ... we shall check on the top-3 largest market caps stocks.
Gamuda : the only one standing tall and still above 20MA ... as it is the leader, many good news including the possible of inclusion into the KL-index.
IJM : still ok but the sharp pullback making it below 20MA. once broken to arrow shown, we have to check the second lower arrow ...means, downtrending now. I would avoid.
Suncon : still can take for technical rebound ... but must exit once broken below the arrow, ya. To me, it is avoid.
Note : message me to check on charts of any construction stocks as I m checking the trend ... it is OVER. AVOID.
TEH
No comments:
Post a Comment