Positive sentiment for Malaysia Properties Index with uptrend momentum and break the trendline in monthly chart. Chart mapping based on cycles and current market structure.
Malaysia Propeerty Index has been surging up for more than 47.45% since last post on 10 April' 20. Maybe Wait for Property Index Drop to 700 +/- then consider buying our favourite "developer stocks".
Similar 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 discussion purpose only. There's no buy and/or sell...
The Last updated of Malaysia Properties Index was at Apr 10, 2020.. Price of The Index is still moving up.. Any Ideas of Malaysia Housing Price Now with Rising Price of Building Material ? E.g : Cement, Steel etc..
Properties 12/6/2021 Properties been bullish oversea , stocks that have lands/development oversea may be the superstar for the properties sector this time. Higher low formed in charts but 743 area is a resistant, but candlewise still good to go further to next resistant at 760 RST 743,760 SPT 730
Properties sector index. Still gaining its momentum. Lets wait for it to break 713 index price first. No hurry. We know where is better choice now.
Falling wedge. If next week it can form a higher low above this 697 support line, then we can start buy property already. LOL.
Properties 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 & Superln. Disclaimer: This trading idea is strictly intended for...
Looking good and gaining its momentum. If next week continue above 699 index possible reverse of its downtrend.
Fall back below EMA50. Next support is 656 and it this support cannot hold overall this sector will be back to downtrend.
Similar chart pattern with Consumer. Market response pessimistic toward MCO2.0. I believe price will continue to weaken till the arrival of CV19 vaccine.
Not looking good as well. Fall off the crucial support line. Market is pessimistic toward the recovery sector now.
Pull back from resistance. We can set our support at 717 next week.
If this crucial resistance able to break, next year will be the property stocks show.
Similar to Energy sector. Resistance is awaiting upfront.