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Simple13: Consider Taking Profits in the Property Sector

Simple13: Consider Taking Profits in the Property Sector
Currently, 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.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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    Focus on picking stocks with strong fundamentals, look for low risk opportunities and wait patiently for profit taking.
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