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Capitaland
using the daily chart , we know that this stock is on a downtrend. 20 ma and 40 ma . The CCI went to overbought of 100. We may consider to go on sell mode . We may look to sell when the price go to the extreme on the hourly chart. Looking at here , it will be 2.86 which the price then pull back to 2.79 and recently at 2.90. This in my view there is a false breakout on the 24/6 so many be caught again on the wrong side since the price is now 2.84. The selling pressure... Read More
CityDev – Update
Previous post: 22/6 First thing first, this is my personal view. Capitaland and Kepland drop today turning for positive to negative but why didn’t CityDev go into negative territory ? This is because there was a false breakdown 4 days ago. This cause some traders to short CityDev . However , after the stock breakdown, it recover for the next 3 days. Those who shorted previously , now want to cover back their short position since they are caught on the wrong side of the trade.This... Read More
Trading week Outlook
No Light Ahead for U.S. Job Seekers
City Dev – why didnt drop ?
First thing first, this is my personal view. Capitaland and Kepland drop today turning for positive to negative but why didn’t CityDev go into negative territory ? This is because there was a false breakdown 4 days ago. This cause some traders to short CityDev . However , after the stock breakdown, it recover for the next 3 days. Those who shorted previously , now want to cover back their short position since they are caught on the wrong side of the trade.This may cause... Read More
Capitaland
Daily Chart – 20 MA and 40 MA both sloping down indicating downtrend. CCI went to -100 indicating short term overbought. Drill down to the hourly chart. See the price was at the extreme . Shorted when it turn down at 2.86. Read More
Today STI rally
STI up 20, this a technical rebound in my view, as the market is very oversold (Cci (5) and (20) ) both below -100. I may consider selling when the market turn down again. STI may stop at sloping down 10ma or 20ma, Cci will help indicate overbought position of 100. ( lower probability view)However , if the STI can rally above the 200ma, then we may still have some more upside for end of the year. Read More
Foundation of Trading
I will share with you how to select stocks using my MA and CCI. Also look for particular setup on individual stocks Read More
STI, Capitaland
STI broken support at 3077 and then next support at 3043. Today look like another day, the next support is way lower at 2935. One may consider to reduce or sell into strength. Property counter look weak. Below is a stock on Capitaland We can use the 20 ma and 40ma to help us see that the trend is sloping down. The support recent support 3.10 was broken. Price is right now at 2.82 , the next support is at 2.42 Read More
