Bullish Sign? - Bounced off 200 EMA, page-2683

Looking at the sector in general after reporting season The Australian’s Rudi Filapek-Vandyck had this to say on March 5, 2019
https://www.theaustralian.com.au/bu...n/news-story/0a10af17214852eb6342de4845e4dba7

“Even balance between winners and losers in reporting season
........
......“Equally noteworthy, in the shadow of mostly robust performances from large resources stalwarts including BHP, Rio Tinto, Fortescue Metals and Woodside Petroleum, the contractors and engineers are awaiting their moment in the limelight. Investors should keep in mind, this is a sector that traditionally combines outsized investment returns with dismal failures.

It wasn’t that long ago RCR Tomlinson went bankrupt, just like that, and Lendlease is now looking to divest its own (troubled) engineering division.

This month, services providers including Ausdrill, Alliance Aviation, Monadelphous, and NRW Holdings, among numerous others, provided confirmation and indications there should be plenty of fresh contracts awaiting in the near term...”