AEL - Can hit 27.50 to 28.00. Support between 25.50 and 26.50

Access Engineering Plc is the biggest Engineering/Construction Company quoted in the market. The resistance of the previous rally was around 26.90 and 27.00, which was tested in the last few days. During this trend the RSI hit a high of 83 points when the price hit 26.50, thereafter a high was established at 27.10, but the RSI did not move higher, which is technically a movement in the opposite directions, which is known as a negative divergence. This bearish signal could pave the way for an opportunity to those who intend getting into the counter. But The ideal range will be between 25.50 and 26.50, ideally close to 25.50 area. Given the positive signals we see in the Construction Sector, the idea of getting on board would not be a bad idea at all. A strategy of Averaging Down at 26.50 and covering down to 25.50 can be one approach, as the Sri Lankan Market doesn't allow short selling like Other markets. Another approach could be by allowing the RSI to retrace and getting in on the higher low, after allowing the RSI to close higher.