Sunday, June 03, 2018

Sector Watch : Construction

Morning ... it is June. The selldown in construction-stocks and building-materials was the main focus in KLSE.

Construction : day 1 gap down is a SELL. I have said that for past 1-2 years, in preparation of crash ... as many will see MORE gap down in coming months.

AnnJoo : Broken 20MA some months ago for many to exit but as most retailers do not check on charts or plan their selling, they might caught up there ... as we are diving to RM2 level now. We will check again when it is at RM1.20

Tasek : Shown Lafarge ... now Tasek-cement chart (weekly). From RM14 now at RM7. How is that?

Fajar : Will check at 32cents ... resistance at 48cents now.

So ... it is a sector to watch (including building materials : steel and cement).

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