Simple13: Consider Taking Profits in the Property SectorCurrently, 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. MYX:IOIPG MYX:KSL MYX:ECOWLD
