Simple13: Consider Taking Profits in the Property Sector
Currently, momentum in the property index is weakening. On the weekly chart, there’s a clear RSI divergence, signaling a potential slowdown. Plus, many property stocks are still trading at high prices, so taking profit could be a good move to manage risk.
A key signal to watch is if the 10 EMA crosses below the 20 EMA on the weekly chart for the property index. If this happens, it could indicate a strong momentum drop in the sector.
Additionally, other sectors like palm oil and tech are showing stronger momentum gains. There’s a high possibility that investors might start shifting funds into these sectors, seeking better returns.
Risk management is essential for success in this market. Keep a close eye on sector movements, and consider rotating into areas with stronger momentum.
May the market be with you!
Disclaimer:
This is for informational purposes only and not a recommendation to buy or sell. Please conduct your own research and assess your risk tolerance before investing.
IOIPG 
KSL 
ECOWLD
A key signal to watch is if the 10 EMA crosses below the 20 EMA on the weekly chart for the property index. If this happens, it could indicate a strong momentum drop in the sector.
Additionally, other sectors like palm oil and tech are showing stronger momentum gains. There’s a high possibility that investors might start shifting funds into these sectors, seeking better returns.
Risk management is essential for success in this market. Keep a close eye on sector movements, and consider rotating into areas with stronger momentum.
May the market be with you!
Disclaimer:
This is for informational purposes only and not a recommendation to buy or sell. Please conduct your own research and assess your risk tolerance before investing.
IOIPG KSL ECOWLD 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.