CapitaCom Trust: Uptrend still continuing firmly for now? Price 2.24.

Just about 3 weeks back, we spotted CapitaCom Trust approaching the key 2.05 resistance bullishly…

This level was key as we had rejected this resistance last year before it sold off all the way down to 1.70…

And finally we are back here again..

More importantly, there were some signs of the uptrend in progress again as we approach this level…

Was expecting some bullish moves up and hence some targets were drawn... as seen below…

Few days later, indeed, buyers were ready to take out all sellers and that level and lifted it off…

It finally broke the 2.05 key resistance after more than a year and this as definitely something to take note of,

Target was reiterated again towards 2.20 first as seen below…

Trend indicators were still looking favourable and pointing to more upside..

Just last week, we begin pushing higher and there were some profit taking near our first target at 2.20…

This was normal given the rise we have seen over the past few weeks where we can expect some consolidation along the way up…

However, we were expecting more strength with the eventual break of 2.20..

Seems like that has happened again today..

See below of new target revised last week.. Uptrend intact to ride while take steps to protect profits… 😉

CapitaCom Trust: Heading towards next target? Price 1.93

Following up on previous post on CapitaCom Trust few weeks back >>>  http://singaporetradinginsights.blogspot.sg/2017/11/capitacom-trust-upside-may-continue.html

It was then at about 1.785 and I mentioned that upside can still continue above 1.80… see the link above…

See chart that was shown in previous post below again….

For illustration purpose only

Anyway over the past 2 weeks, we did see more favourable price actions which led to more strength and…

Targets were redrawn and revised upwards…

See what I mean below…

Looks like our 2^nd target at 2.00 is still on the cards and it may reach soon…. Prices playing out well as drawn…

Has hit a new high at 1.94 today where we are seeing some slight resistance at 1.95..

System wise? Still looking good…. ;)

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For illustration purpose only

CapitaCom Trust: Upside may continue above 1.80... Price 1.785.

Just a few days back, there were some nice actions spotted and buyers started to load up with inner circle alerted…

Approaching our first target at 1.80 as drawn where some profit taking possible but upside may still be possible… We’ll see…

Was then at about 1.725 as in chart below which was captured live….

As long as 1.70 holds now, we are short to mid term positive and may still consider accumulating on dips along the way….

What about the SYSTEM?

Yes, we saw something bullish too….. a bullish signal I mean…. last week…. before the move started this week….

Any exits??? PTI grads can check……  ;)

For illustration purpose only.

CapitaCom Trust: Had issued a call this morning and more buy ups seen... price 1.63

Can the 1.64 – 1.65 resistance clear out too?

Send a note to clients this morning at 9.34am before buyers started to take it higher with the STI strengthening too…

Still good to go above 1.60 imo…

Actually had a Bullish signal on my system, graduates can check again….  :)

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Recent Email:

Sent: Tuesday, September 06, 2016 9:34 AM
Subject: *********** CapitaCom Trust: A move above 1.60 can see more upside, price 1.605

CapitaCom Trust has been trading below the 1.60 resistance level since May last year and today a move above finally. We are seeing the longer term moving averages starting to reverse upwards which can signal a gradual reversal for the counter. As long as 1.59 - 1.60 holds as the support now, we can still expect more upside towards 1.65 then 1.70 next.