Capitaland, CapitaMalls Asia and NOL.

This is going to be a quick blog post as I am feeling somewhat enervated this evening.

Capitaland is causing some people some concern. Is the price going to retreat further after touching a new low of $3.07? I believe questions like this are futile. Nobody knows the answer. TA is about probability after all.

However, we can say that chances of a rebound, if not a reversal, are higher now. With a lower low in price, the MACD spots a higher low. Yes, we have a positive divergence. However, it does not mean that price could not go lower, mind you.

In the event that the positive divergence delivers the goods, look to the declining 50d and 100d MAs for resistance, currently at $3.28 and $3.37 respectively.

CapitaMalls Asia saw volume increasing significantly today with its previous low at $1.57 tested, forming a  black candle in the process. It remains to be seen if $1.57 could hold up as support or, if a lower low were to form, whether the MACD could spot a higher low. Yes, looking out for a positive divergence.

Things look pretty dicey right now.

NOL is yet another counter which is spotting a positive divergence. Lower low in the share price but a higher low in the MACD. However, with such a persistent downtrend and with a narrow trading range, it could take a mammoth effort for share price to break resistance provided by the declining 50dMA in case of a reversal effort.

Let's see if the share price could open and close higher than $1.81 (today's high) in the next session. If successful, we could have a morning star setup, a three stick reversal pattern. That would be promising.

NOL completes US$1.1b loan agreements
Thursday, 02 June 2011

© 2011 - The Edge Singapore

Tea with AK71: A loaf of bread.

I enjoy convenience and I have told quite a few people that I do not like to spend too much time preparing food or eating. Food to me is a necessity. That, very much, is it.

However, I do enjoy spending hours in a nice restaurant with good company. It is the company that makes it worthwhile for me in such instances.

Some of my earlier blog posts on the types of low cost food I enjoy attracted myriad comments, some encouraging, some discouraging and quite a few incredulous! Well, here is another.

I have been trying to avoid wheat because it is bad for my blood type, apparently. Unfortunately, I like bread very much and I particularly like those with raisins!

Raisins are good for my blood type and maybe, they would cancel out the negative effects of wheat. Oh, this loaf has rolled oats as well and oats are good for my blood type too. Two against one! This loaf of bread has my stamp of approval!

Blood type diet aside, this is a loaf of bread that is loaded with goodness. Periodically, I would buy a loaf and it would usually last me 2 to 3 days. 2 slices and I am full. There are about 10 slices or so per loaf. So, that makes 5 meals for me.

Cost? This loaf of bread usually retails at S$2.95 each. It was going for S$2.50 each at NTUC Fairprice. I don't know if  the special offer is still on though.

Convenient, low cost and something I enjoy. This formula never fails. :)