Capitamalls Asia: Longer term uptrend.

Earlier this month, I mentioned that we want to accumulate shares of Capitamalls Asia on any correction in price. Well, it happened while I was away in the USA and anyone who bought some then for a trade would book a 10% gain by now.

Daily chart

Weekly chart

As price rose, volume has been falling. The MACD, a price momentum oscillator, has not formed a higher high even as share price did. The MFI, a momentum oscillator that takes in both price and volume, likewise is lethargic. The negative divergences thus formed suggest a possible correction in share price is near.

In the longer term, share price is likely to continue strengthening as the uptrend is intact with all the MAs rising. So, the appropriate strategy for me continues to be to add at supports. I would look to the 50d MA for guidance as to when to add to long positions.

Related post:
Capitamalls Asia: Any correction is a buying opportunity.

Top 1,000 websites in Singapore.

In my first year or so as a blogger, I would track and analyse my blog's traffic and I even published reports complete with charts every few months. A reader said that I was producing quarterly reports like listed companies. Anyway, after slightly more than a year doing it, I stopped. I guess the novelty wore off.

Today, I look at Alexa and was pleasantly surprised to find that ASSI has made its way into the top 1,000 websites in Singapore. I feel that this is probably a milestone and so, I am sharing this bit of discovery here with my readers. If ASSI were indeed a business like some people tell me it should be, I guess a special dividend could be declared. ;-p

Related posts:
1. Alexa (Part 2).
2. ASSI 1Q 2011 quarterly report.

Singaporeanstocksinvestor.blogspot.sg's three-month global Alexa traffic rank is 348,802. Visitors to the site view an average of 1.4 unique pages per day. The site is relatively popular among.

  

Alexa Traffic Rank
	995 Rank inSGTraffic Rank in Country A rough estimate of singaporeanstocksinvestor.blogspot.sg's popularity in a specific country. The rank by country is calculated using a combination of average daily visitors to singaporeanstocksinvestor.blogspot.sg and pageviews on singaporeanstocksinvestor.blogspot.sg from users from that country over the past month. The site with the highest combination of visitors and pageviews is ranked #1 in that country.

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