CONMAT : Due a 5-6% correction.

The CONMAT sector may be able to hang on for a short while longer, but not for long we fear, with a good 5-6% downside expected shortly – i.e. we think it will pullback to 7060-7100 quite quickly, with  7555 the next breakdown point.

Currently at 7630, treat any bounce in the respective stocks – especially the big construction firms, as an opportunity to sell for the time being.

 

 

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