Sector: Construction(Index)

Analysed on 29/08/21

One of the players in recovery theme, it had spiked from the mid of august till now but Friday shows a bearish pin bar, which could be a short-term reversal signal  Both EMA 25 and 50 are trending upwards although there is not positive news for the construction industry yet.. This is a major indicator that shows investors are  optimistic towards the last quarter of 2021 especially the restructure of the government. Construction sector always in the limelight when it comes to  building the country :D.

Immediate resistance at 172 and support at 163.

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