6PM Call: Market: Gone with the “wave†- CTI update
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Many stocks which dropped deeply in previous sessions, caught the positive market momentum to reverse sharply, typically; HAG, HNG, BID, NTL, TDH, SHI, VIP, HAH, etc. Among them, NTL and TDH belong to the real estate sector, one of the most active sectors in recent months. The two stocks had kept downward trend despite strong bull movements at stocks in this sector but they, today, rallied attractively. This may imply that positive sentiment is spreading all over various stocks in this sector. Also, this may suggest that these stocks are one of the singular remainders for investing in this sector. Therefore, traders may turn cautious about the future movements of this sector as it is usual to see the similar situation happening in the peak of the uptrend.
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