Shares & Derivatives
Capitaland: Rising MACD in weekly chart.
By A Singaporean Stockmarket Investor (ASSI)  •  December 15, 2011
I look at weekly charts when I am interested in the longer term technicals of a particular stock. I got more shares of Capitaland at $2.35 not too long ago. Its price hit a low of $2.25 so far today. However, as my motivation for being invested in Capitaland is because of its cheap valuation, I am not too concerned with short term price weakness. Of course, I might do a bit of trading if I could make some extra money on the way. With this in mind, I looked at the weekly chart earlier. I found that the MACD is rising as price weakens. A positive divergence.
Also, up till now, this week's volume has been relatively low compared to last week's. We need to see how things pan out tomorrow, the final trading day of the week. Connecting the lows of the weeks of 22 August and 3 October gives ......
Read the full article
By A Singaporean Stockmarket Investor (ASSI)
Have a more secure financial future in an uncertain world by creating a stream of reliable passive income with high yields.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance