Sponsored Links

To retire by age 45, start with a plan.

"Is early retirement the right financial choice?" Jim Ellis discusses long-term financial growth strategies. I have blogged a...

Past blog posts now load week by week. The old style created a problem for some as the system would load 50 blog posts each time. Hope the new style is better. Search archives in box below.

Archives

"E-book" by AK

Second "e-book".

Another free "e-book".

Pageviews since Dec'09

FOLLOW AK ON FACEBOOK.

Recent Comments

ASSI's Guest bloggers

CapitaMalls Asia: Dual listing failed to excite.

Monday, March 28, 2011

News of the proposed dual listing in Hong Kong didn't send its share price higher. In fact, it closed lower at $1.74 after closing the gap at $1.72.


The ADX continues to decline and the downtrend has definitely weakened. This does not automatically mean that the share price is going higher. We could be seeing the start of rangebound trading too. So, is it time to buy more? The volume for half a day's worth of trading is quite high and I would not be surprised if there should be more downside. Immediate support in the next session is at $1.70.

I will see how the share price moves in the next few days. If a higher low in share price should be formed and if the technicals are supportive of a move up, I could possibly increase my exposure to this counter. There could be some near term weakness in this counter's share price but over a longer term, the prospects could be more benign.

Related post:
CapitaMalls Asia: Proposed dual listing in Hong Kong.

0 comments:

Monthly Popular Posts

 
 
Bloggy Award