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: $3.19Bollinger bands: Bollinger squeeze, price surge, uptrend might continue
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
