Weekly Stock Picks – Yangzijiang, Capitaland

Weekly Stock Picks – Yangzijiang, Capitaland

Weekly Stock Picks – Yangzijiang, Capitaland by healthytrader on May 28, 2012 The property sector has been rebounding strongly this week, led by counters such as OUE, Keppeland and even s-chips like Yanlord. However, one stock stands out in this property rebound – Capitaland . Instead of following the wide sector consensus, the stock has instead diverged and went against the flow. Outlook - Track closely for rebound in the week. Enter and follow market up to around $2.6 and take profit. MACD – Dipped to the lowest levels seen in 2 years. Some suggestions that MACD is about to turn upwards (green histogram bars) but still needs more confirmation in the coming week. RSI (25d) – Touched 30% firmly. Over the last 6 occasions in the last 2 years, whenever RSI did hit 30%, a rebound in stock price usually followed. Bollinger Bands – Very wide bollinger bands and volatility for p...

Full article: http://thefinance.sg/2012/05/28/weekly-stock-picks-yangzi...