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CapitaMalls Asia: TA update.

Sunday, July 10, 2011

CapitaMalls Asia's share price did not experience the kind of explosive upswing Capitaland's did in the last session. However, it looks promising too in a subdued way as volume was pretty decent as price moved up a bit.



We could see gap closed at $1.55 in time. This would probably also coincide with the declining 50dMA sometime next week. Judging from the highs in the last two rebounds, the declining 100dMA or 20wMA are the ones we should keep an eye on.

In a very strong rebound, we could see price going above the 100dMA and testing the downtrend resistance. Regular readers probably know what I would do in such a case.


futures-explained said...

Very good analysis on the prices in the chart. If I am long, I would probably worry when the price reached 1.64.

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