They chose financial independence over home ownership.

This is somewhat extreme but watch how this Canadian couple chose financial independence over home ownership.  They are in their 30s and,...

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"E-book" by AK

Second "e-book".

Another free "e-book".

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CapitaMalls Asia: Low volume retreat.

Tuesday, March 22, 2011

Although the stock touched a low of $1.57 in the recent sell down, the immediate support is still at $1.60. This is something I established sometime back using Fibo lines. If retested, $1.60 is likely to be a strong support as it has been tested twice since the low of $1.57 and held up successfully on both occasions.

Since the formation of a white spinning top three sessions ago, price has been retreating but on declining volume. The counter is not experiencing a massive sell down but a lack of buyers.

The MACD is rising again and we could be seeing a basing process for the stock. With the MACD still in negative territory, it is still too early to tell if the stock is going to emerge from its downtrend but the worst could be over. Buy more at $1.60 if support holds up? I just might do that.


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