15 Oct '12, 12pm

Stock Pick – Capitaland, Capitamall Trust, CapitaCommerical Trust Capitaland (on 12 Oct 2012, it closed at 3.16, th...

Stock Pick – Capitaland, Capitamall Trust, CapitaCommerical Trust Capitaland (on 12 Oct 2012, it closed at 3.16, th...

Capitaland (on 12 Oct 2012, it closed at 3.16, the chart updated 11 Oct 2012) 14 Sep 2012. Capitaland closed at 3.180. As per our discussion buy into dips and sell into strength. Capitaland closed the gap of 3.150 – 3.180 (on 20 Sep) and stage a minor uptrend to reach a high of 3.30 (on 5 Oct 2012) before paring its gap to reach a low of 3.110 (on 10 Oct 2012). Given the current setup, a possible reversal at 3.110, sideway trading between 3.100 - 3.300. A move above the Lower bound of Andrew’s Pitchfork, followed by the 3.300 will see point 3= 3.380 – 3.420. A move below 3.100 will see support at gap 3.050 – 3.060

Full article: http://thefinance.sg/2012/10/15/stock-pick-capitaland-cap...

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