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 cros
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
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
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.