Most of Construction Stocks still Sideways
Most of these Construction Sectors are still Sideways. However, there is one stocks that has the best signs of ending its Sideways and that stock is ADHI. Another promising stocks is PTPP then WSKT. WIKA is the least favourite.
ADHI has broken up its Resistance at IDR790. Though it is now below that level, ADHI still maintain Up Trendline from end of May 2022. I see an Uptrend based on Peak and Trough Analysis.
PTPP and WSKT shows the same signs but PTPP has more promising feature of an Uptrend (PTPP once broken up its Resistance at IDR990) while WSKT never break up its Resistance.
WIKA also once broken up its Resistance at IDR1,005 but I don't see Higher Low from end of May 2022 (which I believe is the strong sign of Uptrend).
ADHI has broken up its Resistance at IDR790. Though it is now below that level, ADHI still maintain Up Trendline from end of May 2022. I see an Uptrend based on Peak and Trough Analysis.
PTPP and WSKT shows the same signs but PTPP has more promising feature of an Uptrend (PTPP once broken up its Resistance at IDR990) while WSKT never break up its Resistance.
WIKA also once broken up its Resistance at IDR1,005 but I don't see Higher Low from end of May 2022 (which I believe is the strong sign of Uptrend).
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