CapitaR China Trust: Indeed a breakout occured, even the 1.60 gave way as well...... price 1.61

Have seen a firm move above the 1.55 level with a potential breakout note sent on Wednesday!!

Pretty fast, let’s see if the 1.60 holds for now…

Still good above 1.60 IMHO…..

Where is the level to take profit……? 

Find out as a client or student!!  :)

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Recent Email Call:

Sent: Wednesday, July 13, 2016 10:47 AM
Subject: ***********CapitaR China Trust: A potential breakout play.... more confirmation required.... price 1.54

CapitaR ChinTrust has been trading below the 1.55 resistance which has been capping it since August last year. Has tested a few times but were all unable to have a firm break through. We are seeing it approach the 1.55 key resistance level again over the past few days. A potential breakout play and we may ride if we see certain price action. If not, note that it can also retrace back down to 1.45 support like previous where one can consider to accumulate again.

****************** CapitaRetail China Trust: Rebound possible on temp retracement...... Now at 1.475.

Following up from previous BUY CALL: http://singaporetradinginsights.blogspot.sg/2014/04/capitaretail-china-trust-broken-out-of.html

CapitaRetail China Trust has traded to a high of 1.52 before some profit taking on market weakness… it has since over the past few days traded down to the 1.45 support level…. As long as 1.45 remains as support, we are bullish with upside to 1.52, 1.55 then 1.60. Could be an opportunity to accumulate on a bargain at the moment, not for contra, have to hold to ride any rebound above 1.52.

Stop loss 1.435

************** CapitaRetail China Trust: Broken out of consolidation phase 2 days ago, more upside again on temp pull back.... (REPOST TO BLOG)

Sent: Wednesday, April 23, 2014 11:02 AM
Subject: **************** CapitaRetail China Trust: Broken out of consolidation phase 2 days ago, more upside again on temp pull back....

CapitaRetail China Trust has broken out of the 1.42 resistance level which it has traded below for about 8 months. Likely to consolidate from 1.42 to 1.46 before more upside. Can accumulate on dips above the 1.40 and 1.42 level, bullish in the midterm as long as these supports hold out. May have to hold to ride any upside and not for contra. Target to 1.55 then 1.65.

Stop loss at 1.385