- Price movement range contracting - Volume spike testing resistance - Volume profile as support - End of 12345 in consolidation - Will identify direction soon??? Disclaimer: For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk. #TAYOR
1. GE15 & Budget 2023 Theme 2. CGS-CIMB Top 1 Pick for Construction Sector (Refer to sector note dated 12 Sept 2022) 3. Breakout on WEEKLY chart signaling POSSIBLE trend change. (Something is brewing?) IMPORTANT: Knowing that CONSTRUCTION INDEX still under consolidation phase. Always stay caution for sector bearish downside risk. Target 1: Around 4.40 (≈...
Reason: 1. Long base with volume accumulated. 2. Consolidation end with low volume. 3. Slowly improving earnings (endemic phase). Target: Around 3.80 - 4.00 Stop Loss: Around 3.25 Disclaimer: For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk. #TAYOR