Friday, April 4, 2014

************** CapitaMall Trust: Monitor closely, Potential breakout. 1.95 NOW.

CapitaMall has traded below the 1.96 resistance level since Nov last year already… we are seeing it near this level again likely to attempt a breakout with a high at 1.96 today but to no avail. Monitor closely for this break, (PUT IN WATCHLIST) more upside can be positive if the sellers at 1.96 and 1.965 clears out. Target to 2.00 then 2.03 then. This counter have found pretty good support around the 1.80 region so those looking to accumulate can do so also if it dips to near support. J
Stop loss on breakout at 1.94
 

No comments:

Post a Comment