1. IJM
Chart 1: IJM's monthly charts for 2007-2009 & 2017-2019
2. GAMUDA
Chart 2: Gamuda's monthly charts for 2008-2009 & 2018-2019
I think that it may be a good time to nibble into these 2 construction stocks.
Tuesday, January 15, 2019
IJM & GAMUDA: Looking like 2009
When you compare the charts of IJM and GAMUDA last 12 months with the charts for 2008-2009, the similarity is pretty uncanny. It looks like both stocks are tracing out their bottoms. Take a look at the MACD and ADX indicators.
1. IJM
Chart 1: IJM's monthly charts for 2007-2009 & 2017-2019
2. GAMUDA
Chart 2: Gamuda's monthly charts for 2008-2009 & 2018-2019
1. IJM
Chart 1: IJM's monthly charts for 2007-2009 & 2017-2019
2. GAMUDA
Chart 2: Gamuda's monthly charts for 2008-2009 & 2018-2019
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1 comment:
We see a double bottom bullish reversal which suggests buy signal as well as indicator RSI, ADX also suggesting buy signal.
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