Showing posts with label Capitaland. Show all posts
Showing posts with label Capitaland. Show all posts

Wednesday, January 7, 2009

Capitaland - poised for further weakness

Capitaland 070109
Closed at big volume support of $3.12 today.
30 min and hourly brokedown.
I think if it stays and close below $3.15, daily break is confirmed.
Big accumulated volume at $3.07 $2.91, $2.88
Other supports are $3.03. $3, $2.95.

Likely to hold around $3 for awhile, given the analyst's view published.
Those who wish to buy into weakness may long around there.

Friday, January 2, 2009

Capitaland - more like a breakout than false break!

Capitaland 020109 Intraday
Looks more like a breakout now.
Resistant at $3.25-$3.26 and $3.30.
If it can break $3.30 and closes above it, more upside is likely to be seen.

Monday, December 29, 2008

Capitaland - hit long term downtrend resistant

Capitaland 291208
Capitaland was strong today.
Not much sign of weakness, despite the T+5 today.
I redraw the trendlines again.
To my surprise, and now I know why it has no power to go further today.
It has hit the long term downtrend resistant of $3.10.
Significant day of $3.08 (30 Sep)
$3.07 of accumulated high volume and natural resistant.
Tomorrow longterm downtrend resistant at $3.08 too.
Got to watch whether it can break it.
I think it is likely if window dressing sets in.

Dow is showing weakness now, showing sign of breakdown from shortterm uptrend.
If it really closes at lower today, tomorrow could be the last chance to grab it at opening (if gap down) before the window dressing.
Watch watch watch.