Tuesday, December 29, 2015

Capitaland: Heading towards 3.50 as mentioned last week?

Let’s see…. J Still looks good above 3.30…. now at 3.38

Sent: Thursday, December 24, 2015 11:32 AM
Subject: ************* Capitaland: Breakout above 3.30 key resistance can see more upside... price 3.34
Following up from previous buy call last week, ,we have indeed seen Capitaland head towards the 3.30 resistance level. TODAY, it has even staged a breakout above the 3.30 level on above average volume. We can start to see it retrace upwards from here if it can maintain above the 3.30 new support now. 20 day MA line still sloping upwards and may cross above the 200 day longer term MA line soon. At current levels, it has also crossed above the 200 day MA line which can suggest a trend reversal taking shape in the mid to long term. As long 3.30 holds, we are short term bullish with target to 3.50 then 3.80. STOP loss can be at 3.27 for now.

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