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?

DRBHICOM - Technical Rebound or a Dead Cat Bounce ( Bear Trap)

Based on TA, this counter look like it is rebound but the main question is it a Technical Rebound or a Dead Cat Bounce ( Bear Trap)

1) Downtrend
2) Pattern - Descending Triangle Forming.  If pattern formed by breaking below 2.47, it might hit the target at 1.68.. ( Wow that is the price of 2011!!)
3) MACD - Formed 3R1G ( not that strong indicator but please monitor)
4) RSI - Uturn towards 30%. Breaking it will formed a bullish run
5) Sto - Both are kissing and if tomorrow it goes up possible Bullish Crossover will be formed and might break the 20% ..


THIS IS A RISKY TRADE.. Please be Cautious

Entry Price - 2.65
Support at 2.55 and 2.47
Take Profit at 2.87 and 3.03

CBIP riding the bolinger band

This counter is riding the Bollinger band and rising up to the next resistance at 2.65

One of the good Fundamental stock uprising quitely..

1) Trend = Uptrend
2) From high low ( Bullish)
3) MACD - Bullish crossover ( bullish)
4) RSI - broke above 50% Bullish
5) Sto - Broke above 50% bullish

Entry price 2.53
Take profit at 2.65 and 2.8
Stop loss at 2.46 and 2.28


Refer to the fair value given by RHB/Edge is about RM 3