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.

2 comments:

Anonymous said...

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!

Fan Jun said...

Hi Jern. yar still divergence. just wait for reversal. it's near its 200dma, even better price.