On 14 Sept 2012, Capitaland, Keppel Land and Yanlord are all having a doji candlestick. All of them are having exposure in the property market and have business in China. Is there something going on the immediate horizon?
Capitaland (14 Sept 2012, Closed at 3.180)
After almost 3 weeks sideways ranging between 2.980 - 3.100, it has breakout. On 14 Sept 2012, it reached a high of 3.220 (marked the end of AB=CD pattern), and forming a gravestone doji (which indicates indecision).
While it is possible that Capitaland may continue its uptrend momentum (gap up 3.030 - 3.060, followed by the crossing back within the lower channel of Uptrend Andrew's Pitchfork indicates the possibility of testing the Median Line which may coincides with the 2.618 Fibonacci projection of 3.580), it is possible that profit taking may take place (look out for ...
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