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Capitaland - an opportunistic play
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New123
Elite |
01-Dec-2010 13:28
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Can consider around $3.54 - $3.55. | ||
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Hulumas
Supreme |
01-Dec-2010 13:08
Yells: "INVEST but not TRADE please!" |
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Still need some correction I suppose!
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crclk15
Member |
01-Dec-2010 12:23
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Capitaland - favouable odds to start initiating long positions via a staggered approach Reasons a) RSI extremely oversold. I have downloaded a 10 year daily trading on Capitaland's RSI_14D. Throughout the 2,485 trading sessions, only 10 trading sessions have RSI which are less than 30 Nov RSI of 20.3. b) Analysts still seem positive on long term. Consensus analyst target price is around $4.48. c) A laggard. Underperformed the STI and FTSE Real Estate Index on a YTD basis. Noteworthy risks a) RSI can remain depressed for a significant amount of time. Nevertheless, for fundamentally sound company, it should turn up given time. b) RSI not a holy grail indicator - but nevertheless a good indicator to highlight potential oversold counters This writeup, along with other writeups on companies and other important financial information on STI component stocks and SIN listed reits can be found on my remisier blog ernestlim15.blogspot.com. Do email me at crclk@yahoo.com.sg if you want to know the value add services which i can provide. |
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