Shares & Derivatives
Weekly Stock Picks – Yangzijiang, Capitaland
By healthytrading  •  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 profit play. Price of around 2.45 is ...
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By healthytrading
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