Thursday, August 12, 2010

Swing trade Capitaland

Capitaland $3.94, after a strong uptrend has been in effect, the bear step in and take the price down. Price has fallen for 4days from the recent high , CCI is also at the oversold region. If tomorrow price rise above today's high, it will be a good entry for a short term swing trade.
Entry: $3.96 Exit:$3.88
Target:$4.08 Timeframe: 3-5days

Other stock having similar setup: City Dev, Cosco, YJZ, golden agri, SATS