Thursday, October 30, 2008

Cheap Sales (3): Construction

Strong rally today. The trend is still down. How high can the bounce go? I'm very bad in playing this bouncing game. That is why I'm still staying out.

Construction Sector Monthly Chart

Uptrend line broken. Should find support at 120 level.

Gamuda Monthly Chart

Broken the uptrend line. Possible supports: 1.00-1.10 and 0.40.

IJM Monthly Chart

Uptrend line broken. Possible supports: 2.40, 1.90, 1.30 and 0.60.

WCT Monthly Chart

Still above its uptrend line. Possible supports: 1.00 and 0.80.

No comments: