Wednesday, December 16, 2015

Capitaland: Rebounded back from support again, now at 3.22

Still within the consolidation range..... Selling as it approaches 3.30 again?

Sent: Monday, 14 December, 2015 10:32 AM
Subject: ************* Capitaland: Opportunity to accumulate near 3.00 support.... price 3.09
Capitaland has been holding above the 3.00 support level for more than 2 months with a resistance at 3.30 currently. Have seen it dipped back to this support today on market weakness where it can provide an opportunity to scale some trades near some support for any rebound opportunity. As long as 3.00 holds as the support for now, we can still see a rebound back to the 3.15 then 3.30 level. Support tested close to 6 times which seems to be holding well. However, place stop loss at 2.96 for any long positions in case of a breakdown which can see it trade back to 2.70 level.

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