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Capitaland Potential Reverse Symmetrical Triangle Post Reply Rate topic
starlene Elite	16-Feb-2010 22:43        starlene About Contact  Quote this Post!
x 0   x 0  Alert Admin	Worst is over for Capitalland following recent correction and we saw its price dropped to a low of about $3.66..should cross $4.00 and head higher soon. tact888      ( Date: 14-Feb-2010 23:19) Posted: Potential reverse symmetrical triangle also known as megaphone formation in progress as a rebound on 8 Feb 2010 takes flight towards the blue dotted major resistance line. If the current tiger pounce continues next week a test of the gap resistance is imminent. A move above 4.00 will invalid this potential megaphone formation. A retreat from the blue dotted major resistance line will challenge the immediate support at 3.86 followed by 3.80 and then the 3.75 to 3.73 support range. Breakdown of 3.64 to 3.60 support zone means a strong bear will try to punch through the lower bold red support of the reverse symmetrical triangle. Breach of this support confirms the bearish megaphone formation and more downslide is expected. Looking at the current formation we can see half a diamond. The right side of a potential diamond may be created from a failed megaphone. We will just have to wait patiently as the market determines the fate of this chart. View the chart at  http://tactcharts.blogspot.com/2010/02/capitaland-potentail-reverse.html
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starlene Elite	16-Feb-2010 20:38        starlene About Contact  Quote this Post!
x 0   x 0  Alert Admin	WILL CROSS $4.00 BY THIS WEEK...and head higher as supported by its 10% dividend ...downside risk has ceased
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tact888 Member	14-Feb-2010 23:19        tact888 About Contact  Quote this Post!   Mood: Yells: "Learn a life-changing skill and empower yourself. tactcharts"
x 0   x 3  Alert Admin	Potential reverse symmetrical triangle also known as megaphone formation in progress as a rebound on 8 Feb 2010 takes flight towards the blue dotted major resistance line. If the current tiger pounce continues next week a test of the gap resistance is imminent. A move above 4.00 will invalid this potential megaphone formation. A retreat from the blue dotted major resistance line will challenge the immediate support at 3.86 followed by 3.80 and then the 3.75 to 3.73 support range. Breakdown of 3.64 to 3.60 support zone means a strong bear will try to punch through the lower bold red support of the reverse symmetrical triangle. Breach of this support confirms the bearish megaphone formation and more downslide is expected. Looking at the current formation we can see half a diamond. The right side of a potential diamond may be created from a failed megaphone. We will just have to wait patiently as the market determines the fate of this chart. View the chart at  http://tactcharts.blogspot.com/2010/02/capitaland-potentail-reverse.html
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