Thursday, February 27, 2014

ShareInv Article - 5 Fast Facts About CapitaLand

Company Background
CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, the company’s businesses in real estate and real estate fund management are focused on its core markets of Singapore and China.
Chart On CapitaLand
Looking at the chart above, here are five facts about CapitaLand:
1) CapitaLand is currently on a long-term downtrend. In January, the price broke the previous support level of $2.95, falling to near its 52 week low price.
2) I realised that the 20-day moving average has been a good indicator for shorting since beginning of 2013. CapitaLand’s share price continued to fall after closing below the 20-day moving average.
3) As indicated by the red arrows (where prices closed below the 20-day moving average), the strategy of entry for going short is successful five out of six times as shown on the chart above.
4) We are close to seeing the share price of CapitaLand breaking below the 20-day moving average line in the next few days.
5) CapitaLand has hit the resistance level of $2.95 recently. For mid-term technical trader, they will set a stop-loss for shorting if the price breaks above $2.95.
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