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You see, a retail mall is more than a place for people to get their groceries, dine out or send their kids for tuition. The Covi-19 has sent many retail players going bust and unable to pay their rents due to lack of sales. Some say, convert to online. It is easier said than done when most people are asked to work from home, the need to...
Price is at a very respected trend line support (numerous touches), and in confluence with the 50EMA as support.
Bullish engulfing / tweezer bottom candlestick pattern formed at this level, adding to the bullish setup.
Stochastic indicator approaching the oversold area, suggesting further bullish action.
Possible profit targets could include the 200EMA, the...
CMT was pushed up quickly from 2.13 to 2.35 yesterday before crashing all the way back to 2.05 today. It appeared to find support at 2.05 which is also the 50% fib retracement of the swing up. A potential bullish divergence is also forming on the 4hrly chart. I would test the long here @ 2.05-2.06 with a stop @ 2.00 and looking for a retest of 2.35 as its...
Long immediate at 1.72 (with stop loss just below 1.65) and short term upside to 1.89.
There is a chance an inverted H&S is setting up (longer term bullish if confirmed). Will revisit when it gets there.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your...
Hi guys, i'm trying to chart support and resistance lines. Am a noob here, do correct or give me suggestions on how i can draw these lines better! Thank you :)
Nicely following the 10MA downward trend. Look out for opportunity at CCI(5) overbought.
Watch outs: Earnings report @ 22 April; likely to be pessimistic. Landlords will likely to reveal cautionary projections on dividends.
Entry @ previous day low - 1 bid
Stop @ previous day high + 1 bid
Potential risk reward 1.5
CapitaMall Trust tested a significant support between 1.48-1.50 yesterday and today it formed a pair of tweezer bottom reversal candlestick with bullish divergence on the RSI to boot. Going long on this guy and looking for an initial target around 1.90 (the recent high). However I will be putting an initial stop loss at 1.47 and protect any profit with a...
Reason to monitor Capitamall Trust:
1. 18LC with high volume
2. Strong background with accumulation & re-accumulation
3. No sign of weakness
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research...
Capitalmall Trust stock traded in SGX trading at higher level consolidating near high after breaking from range of last two months.
If stock retrace some gains and pullback to moving averages can be good opportunity to enter in trade around 2.20 level with 2.15 as support with price 2.30-2.40
Seems like it wants to go up some more - signal to take a long. Exit at discretion when it U turns to find its low before another run up to CD results. Using LBLS H1 chart
