Monday, January 18, 2016

Capitaland: Sell down then a rebound as mentioned.... where to?

A TRADE BACK DOWN to 3.00, then a rebound seen today….. Were you notified?

Sent: Monday, January 11, 2016 9:35 AM
Subject: ************ Capitaland: Heading back towards 3.00 support.... price 3.08
Seems like the 3.10 temp support level did not hold too, those who already have short positions, please lower stop loss to breakeven to protect profit and can consider scaling back some trade to cover back short near 3.00 psychological support level. 3.00 price level has held for 3 months and we can still see some bargain hunting as it nears this level. Those looking for a quick rebound can do so near this level too…. Stop loss for long positions if 3.00 breaks down with bears taking control again if that happen and target to 2.80.

No comments:

Post a Comment