CapitaMalls Asia: Mixed signals.

CapitaMalls Asia's chart is technically mixed. What is clear is that it is in a long term downtrend and, going by the momentum oscillators, it is very much oversold. A rebound from oversold conditions could see price retesting the trendline resistance which started on 6 October 2010. $1.82, perhaps.

With price closing at $1.64 on relatively high volume in the last session, below the natural support of $1.68, it remains to be seen if it could retest the low of $1.57 touched on 15 March 2011. Watch out, therefore, for a potential double bottom formation.

We want to see volume drying up if price should go closer towards the low of 15 March 2011 in such an instance. A higher low on the MACD would be promising too. The time to buy more shares of CapitaMalls Asia could be near.

Related post:
CapitaMalls Asia: Quiet resilience.

Cabernet Sauvignon (and beer).

This is my favourite wine as it is inexpensive and very drinkable. If I remember correctly, it costs about $14 a bottle at NTUC Fairprice:

I would have some wine once in a while but it would take me three nights to finish a bottle as I am not in the habit of having wine every night. So, often, I would have some leftover which I would have to throw away which is a pity. Here's the first glass I poured tonight:

Red wine is good for the heart and, of course, it warms up the body like all alcoholic beverages. It also promotes better sleep quality and I know I am in need of this recently.

Tonight, I drank more than I would usually. Only half a bottle left. I have stoppered what's left and, hopefully, I would be in the mood to finish it tomorrow night.

Cheers!
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Update: December 2016.