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16/12/2020 GKENT - Cup is formed, next is handle?If the price break the Channel 1, there is high possibility that Cup and handle pattern is in the making. C&H Confirmation is when the price break the Neckline 1. Entry point 1 is after daily candle close above the channel. TP1 is before neckline 1. Entry point 2 is after daily candle close above the Neckline 1. 1. This theory is invalid if the daily price close below 0.70. 2. It might be a good idea to set alert on the downtrendline so you don't have to monitor this counter everyday 3. Considering economy is in recovery trend, it will drive construction sector to go higher and benefit Gkent. 4. Gkent is considered one of political related company. Be careful and happy trading!
MYX:GKENT
by zek_khamzah
LONG: On its way to test next Resistance at .15MYX:ZELAN has been breaking up trendline resistance and might continue to do so especially given the sectoral comeback post-budget 2021 which saw some bullishness towards construction sector. Any pullback can be strategically averaged down as long as it does not break below .10. DISCLAIMER: This is not an investment advice nor a buy call. This is just some analysis of based on some technical factors imbued with a little fundamental support. This analysis is based on lagging (past) data (ie historical prices) thus any forward looking statement is just based on perceived highly probabilistic assumption(s) to assist personal trading decision.
MYX:ZELANLong
by mdzulfid
1
ADHI membeli, menahan, atau menjual?Terima kasih telah menonton. Grafik ADHI menunjukkan kelemahan yang signifikan. Hampir semua kenaikan harga selama 10 tahun sebelumnya telah terhapus. Jadi jual, tahan, atau beli? Sayangnya, fibonacci tidak membantu karena semua level retracement normal telah terlampaui. Hanya ada dua level yang harus diperhatikan; 360; ayunan rendah baru-baru ini dan 120, terendah sepanjang masa 2008. Saya berharap level 360 akan diuji ulang dalam jangka pendek terutama karena faktor fundamental seperti Indonesia memasuki resesi, kehilangan pekerjaan yang drastis, dan penurunan permintaan di beberapa sektor bisnis utama yang dilayani oleh ADHI, terutama perhotelan, minyak dan gas, dan cluster perumahan. Keramahan; hotel dan restoran sangat terpukul oleh krisis pada tahun 2020 dengan penurunan hunian hotel bisnis dan rekreasi. Saya tidak akan terlalu khawatir tentang konstruksi baru di sektor ini karena yang jauh lebih mungkin adalah pengurangan kapasitas. Minyak dan gas; dibandingkan dengan awal Jan atau Feb 2020, minyak dan gas merupakan industri yang sangat berbeda. Sebagian besar produksi telah lepas landas. Biaya eksplorasi dipangkas. Garis waktu untuk elektrifikasi pembuatan kendaraan telah maju dan industri kendaraan global menjauh dari mesin diesel dan bensin. Saat ini, karena alasan lain, permintaan jauh di bawah level 2019 yang menunjukkan bahwa konstruksi tambahan akan memiliki permintaan yang rendah. Cluster perumahan; rumah yang dibangun dengan baik di cluster yang dikelola masih akan diminati, namun, saya akan mempertanyakan apakah mereka akan diminati dengan harga saat ini. Pemilik rumah di kawasan hunian (secara umum) kemungkinan besar akan menyadari bahwa nilai jual kembali dari investasi tersebut terus terkikis selama 3-4 tahun terakhir sementara proyek konstruksi baru terus berjalan. Dalam jangka pendek, pasokan akan tetap kuat pada saat kelayakan kredit konsumen menurun. Retracement pada 2008-9 sekitar 85% dan saat ini retracement hanya mencapai sekitar 70%. Histogram MACD menunjukkan tren menurun. Jika level 360Rp menahan peningkatan volume, itu akan menjadi tanda positif dan mungkin menunjukkan bahwa aksi jual telah mencapai puncaknya dan pembelian dapat dijamin. Untuk saat ini, saya hanya akan melihat grafik dan berita. Thanks for viewing. The ADHI chart is showing significant weakness. Almost all of the price gains over the previous 10 years have been erased. So sell, hold, or buy? Unfortunately, fibonacci does not assist as all of the normal retracement levels have been exceeded. There are just two levels to watch remaining; 360; the recent swing low and 120, the 2008 all time low. I expect the 360 level to be re-tested in the short-term due mainly to fundamental factors such as Indonesia entering a recession, steep job losses, and demand reduction in some key business sectors served by ADHI, especially hospitality, oil and gas, and residential clusters. Hospitality; hotels and restaurants are especially hard hit by the crisis in 2020 with business and leisure hotel occupancy plummeting. I wouldn't worry much about new construction in this sector as what is far more likely are reductions in capacity. Oil and gas; compared to as early as Jan or Feb 2020 oil and gas is a dramatically different industry. Huge portions of production have been take off-line. Exploration costs are being slashed. Timelines for electrification of vehicle manufacture have been brough forward and the global vehicle industry is moving away from diesel and gasoline engines. Presently, for other reasons, demand is significantly under 2019 levels which suggests that additional construction will be in low demand. Residential clusters; a well constructed house in a managed cluster will still be in demand, however, I would question if they will be in demand at current prices. Owners of houses in residential clusters (in general) will likely be aware that the resale value of the investment has been steadily eroding over the last 3-4 years while new construction projects continue to progress. In the short-term, supply will remain strong at a time when consumer credit-worthiness is impaired. The retracement in 2008-9 was around 85% and recently the retracement has only reached around 70%. The MACD histogram is showing a downward trend. If the 360Rp level holds on an increase in volume that would be a positive sign and may indicate that the sell-off has peaked and a buy may be warranted. For now, I will just watch the chart and the news.
IDX:ADHIShort
by flyinkiwi10
Lowe's climb can continue on strong home-building dataIntroduction Strong upward momentum for Lowe's has been slowing lately along with the rest of the market. However, I think the upward march for this stock can continue for both fundamental and technical reasons. Fundamentals Like nearly every other stock in this market, Lowe's is trading at a higher multiple than the stock has traditionally traded at. Unlike nearly every other stock in the market, the Lowe's multiple is actually justified by the prospect of future growth. Fidelity and Zack's both calculate the PEG ratio on Lowe's to be close to 1, which is fair value. Most stocks are trading at PEG ratios between 2 and 8 right now, making Lowe's one of the most attractively priced stocks I've seen lately. Lowe's boasts strong ratings from analysts, including a 9.2/10 Equity Starmine Summary Score, a 74/100 valuation score from S&P Global, and a "Leader" ranking for corporate governance from MSCI. Options traders are more bullish than bearish on the stock for both the short and long term. Perhaps more importantly, Lowe's is sitting in an extremely strong sector. Today, mortgage applications data beat by a wide margin. Business spending data shows home building supply as one of the only sectors in strong expansion, with investment up 20% YoY. Homebuilder Taylor Morrison posted 24% sales growth with a large order backlog. Consumers have spent the pandemic doing home renovations, and as a result, economic data for the sector have consistently surprised to the upside. In the medium term, the big risk for this sector is that mortgage forbearance will expire, houses will go into foreclosure, and real estate prices will collapse. That's currently scheduled to happen on August 31, but there's been talk in Congress of extending forbearance until sometime next year. Currently more than 8.5% of mortgages are in forbearance, so this is a potential residential real estate apocalypse if Congress doesn't pass an extension. If you take this trade, keep a close eye on what happens with that expiration date. Technicals Note the hidden divergence I highlighted on the chart, with the MACD making a lower low as the price made a higher low. However, it's also important to note that Lowe's today has dipped below its 3-month trend line, albeit not with any conviction or volume. I've taken a small nibble here to satisfy my FOMO, and set an alert to buy more near the volume support at $130.30. I may look at buying a call option for the end of August, since Lowe's reports earnings on August 18.
NYSE:LOWLong
by ChristopherCarrollSmith
6
70p / 80p mid-long term - £142m cash / £142m mcapA risky play of course but after losing over 80% of it's value due to JPMorgan selling, Covid 19 & a slowdown in sales, company has sold 2 assets & have at present around £142m in cash I believe a lot of the turmoil is already priced in ahead of results. Mcap is at £142m which means their business is valued at cash level. Very undervalued considering their cash level & staff coming back to work. This business should be worth at least 60-70p I believe based on their previous numbers. Nethertheless a slight risk at present period due to covid 19 but mid- long term this company should recover well as sales move back up. I will start scaling out around 40-50p to protect profits but will leave some shares to ride the rest of the way. 70p - 80p ULTIMATE TARGET New CEO to turnaround the company with experience of doing so to others. Dividend most likely will also be back to attract new investors in months to come. April 30th: In the last week, as demand started to increase across the industry, the Group has commenced re-opening selected sites across its Distribution and Roofing businesses to provide greater support to our customers and offer increased access to our products and services. 15 sites are now open across our Distribution business and 20 sites are open across our Roofing business. The Group is currently planning for the majority of its sites to be open by mid-May.
LSE:SHILong
by vcm11
6
ITB channel breakoutHomebuilders have been behaving well in a channel since the market low of march 23rd. Tuesday after memorial day was the first break out of the channel, and today's participation continues to give the sector a more positive view. Next tested resistance which is all time highs around $49.5 Next strong support is the 200sma (red line) RSI is taking us to overbought level (relative bear) OBV trending higer (bull) We are seeing some sort of rotation to more cyclical sectors. I am checking out for IYT, IYF, XLI.
CBOE:ITBLong
by dorfmanmaster
TPC stock going up after finally reporting good results Tutor Perini Corp NYSE:TPC stock price plummeted hard in the last year. It went from $17ish levels in Nov19 all the way to its bottom at $2.50 during the market panic this Mar20. Since then the stock is going up (yesterday close at $7.77). Governments across the globe are planning massive infrastructure investments to support their economies. As construction and engineering provider and a government contractor , TPC is in a good position to perform in the upcoming crisis much better than the market ( TVC:SPX , NASDAQ:NDAQ CURRENCYCOM:US100 CURRENCYCOM:US30 CURRENCYCOM:EU50 XETR:DAX ). The TPC stock has experienced a drawdown throughout 2019. The company was consistently reporting bad results and consecutive Earning Reports ended with a negative surprise. The hypothesis that government contractors have a good chance to overcome this crisis well is supported by TPC's last Earnings Report. The current uptrend is supported by significantly good results, with a surprise of +0.28 (467%) . This is in line with analyst targets on TipRanks, where TPC is targeted in the range of $16-$18 . Targets at $17ish levels might seem out of bounds given the recent TPC's stock development, however, it is exactly the levels where the stock was several times during 2019, while consistently reporting bad results. In the upcoming months, we expect the TPC price to be heading towards $11 levels, until the next earnings report. It is definitely a good stock for the upcoming quarter. Whether it grows even more, or even all the way back to $17 will highly depend on upcoming Earning Reports.
NYSE:TPCLong
by vdostalik
HD should be good for a post-dividend bounceHome Depot's momentum has definitely been slowing lately, and the stock dipped hard after its latest less-than-stellar earnings report. However, the stock often dips before its dividend and then bounces after. With the stock going ex-dividend today (0.63% quarterly yield), it may be time for a bounce buy. December is usually a good month for Home Depot stock, and November's strong housing and construction data favor Home Depot's earnings success in the next quarter. HD has a 7.8/10 analyst summary score, an average analyst price target of $239 per share, and more-bullish-than-usual options interest today.
NYSE:HD
by ChristopherCarrollSmith
[stereobiru] GADANG Trading IdeaRefer chart for the GADANG Trading idea - GADANG close at .715 today and success to break the RBS at 0.710 and break the middle BB (good sign to change it direction in uptrend) - If already in, TP can be targeted around the price .740/.770 (or whatever you like) and SL around .695/.690 (or follow your own study based RR that already calculate before entry) - FYI, GADANG is in construction sector that currently sector in trending mode ** Please be noted that this is just FREE IDEA SHARING and not a BUY CALL. Please do your own study before decide to do an entry to any stock.
MYX:GADANG
by stereobiru88
Balfour Beatty - Share price about to crumble?Sell Balfour Beatty (BBY.L) Balfour Beatty plc is an infrastructure company that provides maintenance, upgrade and management services in power transmission, utilities infrastructure, and road and rail. The Company operates through three segments: Construction Services segment, which is engaged in the physical construction of an asset; Support Services segment, which is engaged in supporting existing assets or functions, such as asset maintenance and refurbishment, and Infrastructure Investments segment, which is engaged in the acquisition operation and disposal of infrastructure assets, such as roads, hospitals, schools, student accommodation. Market Cap: £1.57Billion Balfour Beatty is trading in a long-term downtrend on the chart and is currently at the upper end of a bearish triangle pattern. The price action has been slightly bullish in recent weeks as the shares gapped higher in August on results. Crest Nicholson today posted a profit warning and expect profits to dip over the next 2 years. That could be a warning shot to all construction companies in the UK. We would prefer to reduce exposure to anything construction related at present and look at speculative short positions. Stop: 242p Target 1: 202.4p Target 2: 184.6p Target 3: 168.2p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:BBYShort
by Investamate
GREAT LAKES DREDGE & DOCK CORP - NASDAQ: $GLDD Ready To Launch?Since last Fall (2018) the shares of Great Lakes Dredge & Dock Corp - NASDAQ:GLDD have found themselves in a steady grind into higher ground in a smart methodical manner as evidenced in the Daily chart above. With the stock trading above all of its important moving averages 20/50/200 DMA's, GLDD continues to display excellent technical characteristics. In addition, it also appears that GLDD may be in the process of building a launch pad from which to release to higher ground once again. Thus, both investors/traders may want to continue to monitor the action closely in the days/weeks ahead for further clues/signs that GLDD is ready to launch. In particular, should GLDD be capable of going topside of the $11.45 level at any point moving forward, such development would likely trigger the catalyst for new all-time highs and Blue Sky's ahead.
NASDAQ:GLDD
by InsiderFinancial
Possible buy zone Sumitomo MitsuiWhile 3.76% dividend yield isn't very high it is better than voluntarily forfeiting your money to the Japanese government in the form of negative bond yields (I apologise for my apparent lack of civic duty). Still, I expect a bit of a retrace before heading higher. This is 100% based on the chart and 0% based on fundamentals, although, I may be looking into the Company a bit more in-depth should it hit my price expectations. Short-term bearish, yet for form a medium term view based on fundamentals.
TSE:1821Short
by flyinkiwi10