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Author Topic: CapitaMalls Asia Limited  (Read 125 times)

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Lion

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CapitaMalls Asia Limited
« on: February 23, 2010, 09:27:16 PM »
CapitaMalls Asia Limited [2010-02-23] - $2.27

Stock gap up and managed to stay above tight range betwen 2.19~2.25 to close at 2.27 on increased volume. Daily MacD histogram observed short-term bullish divergence while MacD continues to stay negative. A potential reaction-rally could push stock back along 2.32~2.40 upside range.

Reaction-rally target - 2.35 (a mere 3.5% gain)
Tight stop-loss - 2.24 on closing
Validity - 1 week or upon breaking of support/resist

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Lion

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CapMalls Asia - stop-loss triggered before target hit (current analysis closed)
« Reply #1 on: March 02, 2010, 11:21:17 PM »
As can be seen from the highlighted Red box, stop-loss was triggered on 25/2 (closed at 2.22) before the stock finally hit 2.35 small rally target today.

Current analysis has failed, and closed.

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