Perceived Support Levels: Properties Stock Counters

KLCI slid to 1169 after losing about 20 points, triggering my buying interest on some properties & construction stocks. So I did a quick check on some of the counters with the most likely strong support/ buy levels.

E & O ( RM 1.06 - 1.10 ). IJM Land ( RM 1.60 - 1.70 ). IGB, Mah Sing, YNH ( RM 1.75 - 1.80 ). Sunrise ( RM 1.85 - 1.95 ). D & P ( RM 1.10 - 1.16 ). MRCB ( RM 1.10 - 1.20 ).

Other counters that might interest me at their support levels: TA ( RM 1.00 - 1.10 ). MPHB ( RM 1.66 - 1.70 ). Gen M ( RM 2.65 - 2.75 ) . Axiata ( RM 2.93 - 2.96 ). G Packet, Leader U ( RM 0.70 - 0.73 ). RCE ( RM 0.60 - 0.65 ). Lion Div ( RM 0.50 - 0.53 ). Lion Ind ( RM 1. 25 - 1.36 )

This is not a recomendation to buy the above stocks the instance the stock prices hit their respective support levels. Rather take time to monitor the price action to ensure that these levels are the support levels where buying is strong.

And remember: Don't buy to hold long, sell whenever the market gives you gain/profit. It's impossible to rob the market.