CapitaLand 7 June 2016 (Update)

This is an update to the 11 May 2016 buy idea post. It’s been 20 days since the buy idea made on 11 May 2016. Time frame was 2 weeks to 1 month.

Original 11 May Post can be found here:
https://devouryourfear.wordpress.com/2016/05/11/capitaland-11-may-2016/

As mentioned previously, entry zone $2.96.

As of today’s closing: $3.08 (4.05% gain)
Possible 1st target: $3.10 (High possibility hit)
Next target: $3.19

Bollinger bands: Bollinger squeeze, price surge, uptrend might continue

DEVOUR YOUR FEAR with Randy Png

Previous rebound on $2.96. It seems like CapitaLand can rebound fast once it dipped below $3, as seen from chart. Things to note, MA seems a little shaky, therefore short term

1. Bullish Stochastic Oversold Signals
2. Green MACD Histogram (Early Signal)

Time Frame: 2 Weeks – 1 Month
Upside: 4.72%

Entry zone: $2.96
Possible 1st target: $3.10
Next Target: $3.19

Stoploss: $2.93

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