As requested by Green: CapitaLand. It was one of the very first stock that i bought when i entered the casino(stock market) years ago. I still remember the price i bought was 1.22. I bought Comfortdelgro as well at 1.24. Now, Comfortdelgro is 1.50+ while Capit
aLand? Makes you wish to dump every penny u have on it isnt it while its still in the $1 region. But we never know, u say. Well, not if u didnt study/analysis its chart formation.
Right now, it has reach a crucial support point at 4.42. Look to it for CapitaLand to maintain its uptrend momentum. If it does hold strong here, the uptrend channel will lead it to test 4.70 again. Otherwise, look to 4.26 & 4.12 for support. Worst case scenario is for it corr
ect back all its recent gains and test its near-term bottom at 3.82 again. A analyst from UOB recently commented in his report that he recommends a sell at current 4.40-4.50 region and he expects it to retrace back to the 4.00 region again. I do not know how he come out with such a prediction, by fundamental analysis or technical. If by technical, my views is that technical analysis can and only will show us where the stocks are at any particular point in the past and what we should do when certain conditions are met. If its based on fundamental, we have to be critical of the agenda behind.
aLand? Makes you wish to dump every penny u have on it isnt it while its still in the $1 region. But we never know, u say. Well, not if u didnt study/analysis its chart formation.Right now, it has reach a crucial support point at 4.42. Look to it for CapitaLand to maintain its uptrend momentum. If it does hold strong here, the uptrend channel will lead it to test 4.70 again. Otherwise, look to 4.26 & 4.12 for support. Worst case scenario is for it corr
ect back all its recent gains and test its near-term bottom at 3.82 again. A analyst from UOB recently commented in his report that he recommends a sell at current 4.40-4.50 region and he expects it to retrace back to the 4.00 region again. I do not know how he come out with such a prediction, by fundamental analysis or technical. If by technical, my views is that technical analysis can and only will show us where the stocks are at any particular point in the past and what we should do when certain conditions are met. If its based on fundamental, we have to be critical of the agenda behind.
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