BursaSurvival

CONSTRUCTION: Candlestick Bulan Mac 2022

MYX:CONSTRUCTN   Bursa Malaysia Construction Index
Show us your true intention, CONS!

Construction monthly chart.

Purely downtrend with properly lined up MAs. Candle oppressed below MAs. But, there are few hints of trending weakness.

1. March candle: white candle, which is a conformation candle of its prior reversal candle, a bullish harami.

How far is the reversal effect? Takdelah sampai menukar arah major downtrend ke uptrend terus. Maybe for some rebound.

2, Chart pattern- ada triangle masa dalam trend. Not a good sign actually. Triangle usually is a continuation pattern. Its not that easy for a major bearish trend to turnaround. Maybe a long accumulation needed.

3. at the peak of trend (LL) no cb1 break, just dominan break. So this explained why dia tak jadi reversal lagi.

So sekarang kita tunggu new cb1 dipecahkan untuk petunjuk lebih kuat CONST nak mulakan uptrend.

Nak menguji cb1 tu pun dah quite good rally for CONST for this upcoming months.. Dont miss this opportunity!
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