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CapitaLand Commercial Trust (Yrly Div: 5.52%)
Immediate Support: $1.58 (14 dma & 50 dma)
Next Resistance: $1.79
Moving Averages: 50 days & 200 days moving averages uptrend.
Channel: Uptrend price channel
Comments: Stock came off from low, from around $1.29 to current $1.60. Change of trend can be seen from the 3 moving averages. Generally, can make use of price channel as a good guide on entry, exit point, and stock trend. Currently, looks like stock is trading closer to the higher end. Do lookout for entry opportunity on pullback,with price closer to the lower channel for trading.
China Aviation Oil (Yrly Div: 2.21%)
3Q Results: 2 Nov 2016
Resistance: $1.475 – $1.48
Next Resistance Level : $1.58
Moving Averages: 14 days looking to cross above 50 days moving average.
Volume: 2nd day with huge volume, as compared with previous weeks. 2nd day of making higher high.
Comments: Higher price is accompanied with higher volume. Good possibility of trend continuation as it looks like accumulation phase is over.