Shares & Derivatives
Capitaland, CapitaMalls Asia and NOL: Closing charts.
By A Singaporean Stockmarket Investor (ASSI)  •  October 13, 2011
CAPITALAND Volume increased over the last session but the bulls were not strong enough to have the share price close above the 50dMA. Closing at $2.52 is where we find resistance provided by the declining 50dMA.
Although price did touch a high of $2.56, forming a white spinning top suggests indecision and is a sign of weakness. The counter has, in the meantime, broken out of its immediate downtrend. Immediate support is provided by the flat 20dMA at $2.49. CAPITAMALLS ASIA CapitaMalls Asia's chart looks more promising. Another white candle was formed today on higher volume. $1.25 could be resistance turned support.
Further upward movement in price could see the gap at $1.33 filled. Immediate support is at $1.25. NOL Although a black candle was formed today on relatively higher volume, there is reason to be optimistic. Why?
The decline in price only travelled halfway ......
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By A Singaporean Stockmarket Investor (ASSI)
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