Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Tuesday, November 16, 2010
Case Study: CapitaMall
Trading is all about probability. CapitaMall looks a decent long candidate for me, as it appears:
* MACD histogram bullish divergence
* RSI bullish divergence
* Support 200ma
* Major uptrend line support
* Horizontal line support
* A hammer candlestick
whatelse you can expect? Entry and stop loss based on candlestick confirmation rules.
* MACD histogram bullish divergence
* RSI bullish divergence
* Support 200ma
* Major uptrend line support
* Horizontal line support
* A hammer candlestick
whatelse you can expect? Entry and stop loss based on candlestick confirmation rules.
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2 comments:
hey great blog, a question on capitamall post. today it broke 1.95 support, is it still a bullish divergence or head n shoulders reversal? thx!
Hi Jern. yar still divergence. just wait for reversal. it's near its 200dma, even better price.
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