𝐒𝐆 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐒𝐞𝐜𝐭𝐨𝐫 - 𝐓𝐢𝐦𝐞 𝐭𝐨 𝐀𝐜𝐜𝐮𝐦𝐮𝐥𝐚𝐭𝐞? 𝐖𝐡𝐞𝐫𝐞? (𝐂𝐚𝐩𝐢𝐭𝐚𝐥𝐚𝐧𝐝 & 𝐂𝐢𝐭𝐲𝐃𝐞𝐯)

 

 

Over the past few months, we have still seen weakness in the SG property sector.. 📉📉

 

The 2 heavy-weights counters Capitaland and CityDev are still 𝐬𝐮𝐟𝐟𝐞𝐫𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐩𝐫𝐞𝐬𝐬𝐮𝐫𝐞..

 

It seems like any short term rebounds are met with more selling and, 😢

 

buyers are just 𝐍𝐎𝐓 𝐀𝐁𝐋𝐄 to take it up to recent highs or maybe even near to pre-Covid19 prices..

 

Joey here, Top Tier Remisier in Phillip Securities.

 

 

 

After talking about the different sectors in the Singapore Stock market, some have asked if I can share more about the Property sector.

 

The question i have been getting is:

 

"𝐈𝐬 𝐈𝐭 𝐓𝐢𝐦𝐞 𝐓𝐨 𝐒𝐭𝐚𝐫𝐭 𝐀𝐜𝐜𝐮𝐦𝐮𝐥𝐚𝐭𝐢𝐧𝐠 𝐓𝐡𝐞𝐦 𝐍𝐨𝐰?" 🤷🤷

 

Both of these counters have tanked by about 30% compared to before Covid-19 so it is indeed attractive from a discounted price perspective..

 

Well, my sense is it 𝐦𝐚𝐲 𝐨𝐫 𝐦𝐚𝐲 𝐧𝐨𝐭 be the right time depending on your strategy but more importantly,

 

The question should be 𝐖𝐇𝐄𝐑𝐄 we can begin eyeing them so that the upside reward is 𝐌𝐎𝐑𝐄 𝐟𝐚𝐯𝐨𝐮𝐫𝐚𝐛𝐥𝐞.. 👀

 

Watch this video recorded before market opened on 7 Sept 2020 to see where we are NOW for Capitaland and CityDev and What you can do!

 

Watch Here >> https://youtu.be/77TuDItgJI4

 

 

 

 

 

Capitaland: Selling still continuing.. Targets on tracked? Price 3.28.

Just 2 weeks back, we saw some bearish price actions in Capitaland with it breaking down below the 3.45 support level..

Short term trend indicators were starting to show a reversal after a recent high at around 3.70..

It was also approaching the 100 day MA line and a potential breakdown of that looks highly possible too..

Hence, some downside targets were drawn…

First target was at about 3.30 where we may see some short covering…

Over the past week, we have already hit our 1^st downside target…

The 2nd target to the south may still be playing out with a new low at 3.28 today..

Target were reiterated again last week as seen..

3.00 would be a really good support level where we can expect some good buying pressure to return…

Will see if we can head towards there amidst more market weakness…

Capitaland: Pushing higher with indicators still looking good. Price 3.66

Just last month, we saw Capitaland approaching the critical 3.40 - 3.45 level…

That resistance has been holding prices down since June last year and buyers just could not breach it after multiple attempts

But something seems to be brewing with buyers attempting to break that key level again..

Some bullish price actions was seen and hence upside targets were drawn.. see what I mean..

Over the past few weeks, we managed to see Capitaland pushing higher to a high of 3.55…

But there were some profit taking that came back already,

Some sideways consolidation seen below 3.55 but there were still signs of the upside reversal continuing..

Hence targets were reiterated again over the past few days..

Have broken out higher revised target at 3.60 and 2^nd target looks on track..

Indicators still looking positive for now and pointing towards a good uptrend..

However, we may start to see some selling coming back again as we approach the 3.80…

Let’s see… quite a good reversal caught where more upside still possible…

See where we are now below…

Capitaland: Back to support as mentioned, price 3.12.

Just last week, we spotted some selling pressure in Capitaland with a Bearish reversal candle seen near the 3.30 level..

Hence some weakness expected and downside target drawn as seen below..

Buyers were losing strength it seems after the rebound from the 3.00 level over the past 1 month…

Today, seems like we have already hit our target and some short covering seen…

Would want to be careful on more bearish price actions below 3.10 where we may see our target revised lower…

There are still signs of longer term trend down for now…

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Capitaland: Downside targets hit... Exit on bearish signal then some strength seen, now what? Price 3.13

Following up from previous blog post last month where Capitaland was at 3.30, it was mentioned that there can be more downside if the next key support were to break down…

See blog post here again >> http://singaporetradinginsights.blogspot.com/2018/06/capitaland-selling-lower-as-mentioned.html

Some downside target were drawn earlier and new ones reiterated…

See what was projected again…

As the first target above played out… we were expecting some short covering near 3.25 before the downside continued…

Trend indicators were also looking weak and key supports were broken again…

Note that this was EVEN BEFORE the property cooling measures were announce on the 6 July 2018

And the thing is the price are already showing weakness before that…

See reiterated target below as the selling continued…..

Following the announcement on the new property measures introduced (6 july 2018) where Government raises ABSD, tightens LTV after strong property price gains.

We have seen the 3.10 support breaking furiously and the downtrend accelerated…

Heading towards our 2^nd target as drawn at 2.95 before some short covering after the massive sell down..….

It was also mentioned previous that we had a Bearish signal on our PTI system…

We have finally seen the Exit on our bearish signal recently and then some slight strength came back.. See below what I mean… playing out as per downside target step by step…

We were capped below the 3.10 resistance for more than a week but seems like buyers managed to breach this level over the past few days…

May see some short term upside towards 3.15 – 3.20 before selling pressure comes back..

Will be looking to see if there will be another entry signal, whether to the upside or downside…

Really depend on how prices play out for now…

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Capitaland: Selling lower as mentioned, Price 3.30. System?

Just last week, we spotted a breakdown of the 3.40 support level that has been holding well since the beginning of 2017….

Trend indicators were also starting to turn down and some short term downside expected..…

Hence, some targets were drawn to the downside where potential short positions can be taken to ride the weakness …

See what was sent out below last week as it happened…

Seems like we are indeed seeing more weakness towards the next target as drawn..

Some short covering may happen near 3.25 but would want to be careful of more bearish price action below this level which may trigger off a new wave of selling…

Downside targets may still be playing out then….

PTI system had some bearish signals recently and then the selling happened accelerated…

No exits…

Hopefully, the next support at around 3.25 holds, watching….

See where we are now below… Be a client to be notified of dangers like these faster….. click here..

Capitaland: A recovery may still be in progress... Price 3.67

Just about 2 weeks back, we spotted the reversal move in Capitaland when it broke above the 3.50 resistance level…

This was quite a good price action spotted which can lead to any reversal up..

It has actually traded to a low of 3.40 – 3.45 where we saw some good bargain hunting coming back and buyers were out to defend the support like we have seen since the beginning of 2017…

A rebound potential was expected like we have experienced previously…

See what was sent…

True enough, we saw Capitaland trading higher over the past 2 weeks and seeing some resistance at 3.65…

We may be reaching our 1^st target 3.70 soon as drawn above…

Upside can still continue on a clear breach above 3.70 towards our 2^nd target at 3.90 where some good profit taking is expected.

Watching…

See below updated chart that was captured a few days back with targets reiterated…. Let’s see….

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Capitaland: Selling down towards key support can present bargain but cautious.. System says. Price 3.47

Just last week, we spotted some weakness in Capitaland with it breaking below the 3.80 support level….

Was attempting a move above the key 3.90 last month but it just couldn’t do it and in the end sellers came back and it retraced lower..

Some targets were drawn to the downside to 3.60 then about 3.45…

See chart below..

We have already hit our first target at 3.60 with the 2nd target almost touching…

So far seeing some buyers coming back near 3.45 which is normal given the sell down and short covering and the fact that it is back to its key support again…

Some may be tempted to start accumulating on dips near this support at 3.40 – 3.45 that has been holding for a year…

Nothing wrong, but would want to be careful on any firm price actions below the 3.40 level which can set off a new wave of selling to 3.30 then 3.25…

Also, system had a new bearish signal recently with no exits yet…

See what I mean below.

For any quick rebound trades, good to have a plan to exit any long positions if 3.40 fails to hold..

Capitaland: Uptrend can continue above 3.55, price 3.56, system had an Exit. But....

Over the last few days we have seen some actions above the 3.50 critical resistance level today with it attempting to push higher today.

We can see more strength now as long as 3.50 holds with target to 3.70 then 4.00 too.

Moving averages are looking positive still. A short term positive above 3.50 imo.

System wise, just to share that we finally had AN EXIT. For the Bullish Entry signal on 10 JAN 2017.

Question is, can there be ANOTHER RE-ENTRY signal coming up again ?  

Get a Glimpse of my Explosive strategy Live here - http://bit.ly/2btxZNP

For illustration purpose only

For illustration purpose only

Capitaland: Heading towards 2.70 as mentioned, more weakness below again ? price 2.82

Indeed the 2.90 did not hold…. Trend weak below this now….

Sent: Wednesday, February 10, 2016 9:29 AM
Subject: ********** Capitaland: A short term negative with more selling likely below 2.90 too.... price 2.93

Capitaland has rebounded towards the 3.10 resistance 2 weeks back but more selling seen again as it trades back down to support at 2.90 – 2.92 now. A rounding top pattern seen with support currently at 2.90, any further breakdown below 2.90 can see more selling as mentioned towards the 2.80 then 2.70. 20 day MA line has crossed below the 100 day MA line which can signal a downward trend taking shape.

Capitaland: pulling further away from the 3.00 new found resistance after a slight rebound today..... negative below..... price 2.93

Trading towards 2.85 now?

Sent: Wednesday, January 20, 2016 11:36 AM
Subject: ************** Capitaland: A potential clear breakdown below 3.00 is a negative... price 2.99

Following up from previous call, we have seen the CRITICAL 3.00 Psychological support tested and thrown down today on strong volume. We need to be cautious with this price action especially with some heavy selling down at 3.00 just now seen. If the 2.98 – 2.99 levels clear out as well, there can be more downside the 2.90 then 2.85 in the short term. CFD SELL with buy stop loss at 3.03. Bears may be wrestling back control again with this breakdown below the 3.00 level that has held since October last year. CAUTIOUS LONG !

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.

Capitaland: Back to 3.00 again ?

Support at 3.10 did not hold as mentioned….. now at 3.08…

Sent: Thursday, January 07, 2016 10:56 AM
Subject: ************** Capitaland: Breaking back below 3.20 temp support.... price 3.15

Capitaland as crossed back below the 3.20 support and also the 20 day MA line in a sign of weakness with markets selling down worldwide. May start to head back towards the 3.00 key psychological support level which has held since October. Aggressive traders can ride downside towards this level where we may see a technical rebound again. CFD SELL for now with more downside likely especially if the 3.10 fails to hold too… RSI and Stochastic both reversing down in line with price action.

Capitaland: Heading towards 3.50 as mentioned last week?

Let’s see…. J Still looks good above 3.30…. now at 3.38

Sent: Thursday, December 24, 2015 11:32 AM
Subject: ************* Capitaland: Breakout above 3.30 key resistance can see more upside... price 3.34

Following up from previous buy call last week, ,we have indeed seen Capitaland head towards the 3.30 resistance level. TODAY, it has even staged a breakout above the 3.30 level on above average volume. We can start to see it retrace upwards from here if it can maintain above the 3.30 new support now. 20 day MA line still sloping upwards and may cross above the 200 day longer term MA line soon. At current levels, it has also crossed above the 200 day MA line which can suggest a trend reversal taking shape in the mid to long term. As long 3.30 holds, we are short term bullish with target to 3.50 then 3.80. STOP loss can be at 3.27 for now.

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.

Capitaland: Back to support at 2.70....

Can the 2.70 psychological support hold ?

Sent: Wednesday, 26 August, 2015 11:02 AM
Subject: ********* Capitaland: Back to consolidation after sell down, more weakness still possible below 2.70, price 2.80

Following up from previous SELL CALL on Monday, we have indeed seen a breakdown below the 2.90 support level as it headed to a low at 2.75 yesterday which would be a temp support for now. Range is from 2.75 to 2.90 and a failure to close above 2.90, may open the way to 2.70, 2.60 then 2.40 in the short term with market weakening further. Those looking to accumulate can do so slowly as it touches this support level where we can expect a technical rebound where one can exit. 100 day MA line on the verge of crossing below the 200 day longer term MA Line with 20 day MA still surging lower on yesterday’s price action – short term downtrend intact below 2.90 imo.

Sent: Monday, August 24, 2015 9:30 AM
Subject: ******** Capitaland: More downside if 2.90 does not hold.... price 2.92

Capitaland may find a temp support around the 2.90 level with a lowered range to 2.95. Note that any further breaking below 2.90 can pave the way to 2.70 which was the low in March last year before it staged a rebound. Trend still weak with moving averages pointing lower and all indicators still negative.

Capitaland: psychological 3.00 support did not hold, have crossed our 1st target at 2.90.....

Now at 2.88, more downside towards 2.70 now as mentioned last week?

Sent: Wednesday, August 19, 2015 4:40 PM
Subject: ********* Capitaland: Seeing some weakness as it trades below support... price 3.03

Capitaland has traded lower on a weaker market after failing to cross above the 3.20 resistance last week. Next support would be at 3.00 where I can rebound from but any further clearing of this support may see more downside towards 2.90 then 2.70 with both 20 DAY and 100 DAY MA lines pointing lower.  CFD SELL can be used to ride the downside below 3.00 further. MACD looks weak and still trending down. Cautious long.

************************ Potential Rebound: Capitaland - Resistance at 3.40 critical for more upside...... price 3.36, consolidation in progress ( NOW 3.60)

BREAKOUT SEEN TODAY AS WELL. Wow….. congrats to those who went in 2 days ago.

Follow UP ********************** Potential Breakout: Capitaland - Bullish Ascending Triangle spotted.. price 3.25 - Watchlist ! Price 3.33 (PRICE NOW 3.39)

More upside still ? What do you reckon ? Clients were alerted repeatedly over the last 2 weeks to accumulate for more upside…..  J

Follow UP ********************* Potential Breakout: Capitaland - Bullish Ascending Triangle spotted.. price 3.25 - Watchlist ! (Price now 3.30)

Can Capitaland break above the 3.30 resistance ?