CapMallsAsia (CMA) Setup for rebound:
1. major support at 1.69, (resistance turn support, way back yr2012)
2. Bullish reversal candlestick pattern
3. MACD Bullish divergence
Immediate target will be the downtrendline at 1.75.
Caution to note: CMA in downtrending, if break below support 1.69 must cut( can give some margin)
Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Sunday, March 23, 2014
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