Construction Sector Update on April 1st

Construction sector was in downtrend mode following below the downtrend line and now testing the support ..

1) Downtrend line
2) Lower low and lower high ( Bearish)
3) MACD - FOrmed 4R1G ( Bullish - could be an early sign to rebound to break above the downtrend line)
4) RSI - Below 30% ( Bearish)
5) STO - Bull and Bear are clashing and need to wait for another few days to confirm


Entry Price - Break above 260
Support at 253,248 and 240
Resistance at 263 and 268

GAMUDA, MRCB and MUHIBAH are starting to peak up..  Could this be related with the GE?

Construction Sector Update on Mar 25

Let review the Construction Sector for this week..

1) Downtrend Line - Hit Downtrend line and retrace further ( Bearish)
2) Formed lower low - Bearish
3) MACD - Still in bearish mode and touching the 0 Level
4) RSI - Retracing from 50% and formed lower high ( Bearish)
5) Sto - Still in bearish mode

The construction sector is testing it support at 258, further breaking below it show bearish signs for overall construction sector.

Entry price - 264
Support at 258 and 253
Resistance at 268 and 273

Overall all the top counters are retracing except KIMLUN which are showing a strong bullish sign forming a higher high.

Construction Sector

Going to test the 20D ma at 265.4

1) MACD - Still bullish
2) RSI - Still bullish
3) Sto - Still Bullish

Rebound and went back to the 264 and test the 20D ma at 265.4, If break above it there is a possible of another bullish run.

Stop loss at 258 and 252
Take Profit at 268 and 274

Construction Sector

Construction Sector seem to be starting to turning tides and the Bull started to charge up..

1) Trendline- Uptrend
2) Having Higher high and waiting for higher low to confirm uptred
3) MACD - 4r1G
4) RSI - touching the 30%
5) Sto - Starting to bullish crossover
6) Waiting for the volume to break the VMA


Within a couple of days, if further bull upward construction sectors are worth to watch and get some benefit from it .
Few well known counter from Construction are
1) Mudajaya
2) WCT
3) Gamuda
4) Binapuri
5) Fajar
6) IJM
7) JETSON
8) MRCB
9) ZELAN
10 ) MUHIBAH

Leaders
Muhibah, Jetson and Zelan starting to bull

Laggers
Mudajaya (Starting to bull)
MRCB (Starting to bull)
IJM
WCT (Starting to bull)
GAMUDA