CapitaMalls Asia: Improving technicals.

Price overcame resistance provided by the 50dMA at $1.93 and touched a high of $1.96 before closing at $1.95, forming a white spinning top in the process. Volume expanded nicely as the MACD rose higher. Could we see the MACD crossing into positive territory soon? That would signify the return of positive momentum.

Connecting the highs of 3 and 17 January gives us a trendline resistance. We could see $2.00 tested next if the bouyant price action follows through. It also remains to be seen if $1.93 is resistance turned support. I am monitoring this counter as I get ready to divest some.

Related post:
Capitamalls Asia: Broke out of downtrend but still at resistance.

Tea with AK71: Some of my stuff (Part 2).

One of my favourite possessions is my wallet! I truly can't live without it! This was bought with money from my first pay cheque 15 years ago. It is a Heritage brand genuine leather wallet made in W. Germany and cost slightly more than $100 then. I remember I got it from Metro in Marina Square. The leather is really nice and soft. Good quality stuff. I can't find this brand anymore in Singapore. If you know where to get it, let me know. I would like to standby a replacement wallet, just in case.

This next item is a collapsible umbrella which I bought from Japan in 1998. Cost: JPY1,000 (equivalent to $15 in those days). I really like how compact it is and it fits into my briefcase. I am never caught without an umbrella when it rains. I doubt I could get one at the same price now even if it was still available. 

Do you have some old stuff which you are still using today? They don't make things the way they used to, do they? So what if they are old? Old is gold. :)

Related post:
Tea with AK71: Some of my stuff (Part 1).