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181-200 of 1965
drops to 3.84 now..is this due to correction? guess it wont go up to $4 again right? any advice?
ADX does not show postive uptrend but this indicator alone don't give early signal on correction. It merely shows the counter relative strong in general. CCI is already showing 3 peaks above 100 level, coupled with RSI above 80. I would think this counter will not be showing positive price adjustment these few days but once rebound it will fly. Is a Cup with Handle effect. That was why I sold some but not all capitalland stock I like the portfolio coz of their investment in emerging market,eg china that sure to overtake Japan and US. Keep at least 1000shares for another fews mth, you will enjoy the fruit. For now, i will stay put and wait patently to go in again, like you.
DnApeh ( Date: 03-Jun-2009 23:48) Posted:
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Sorry, don't agree with your views.
STI and CapLand charts are very similiar. MAs show golden crosses all over the place.
ADX still rising on +vely placed DIs, this means got strong uptrend. In such situations, overbought-ness in the ocillators is an indication of strength. (if oversold, how to go higher and higher?)
Eventually, the correction will come, but perhaps not yet.
Today's candle is an inverted candle with it's trading range inside yesterday trading range. Today's volume is lower than yesterday. Perhaps it is a flag/pennant forming.
I have sold mine, now patiently waiting for the pattern to reveal itself. If it is a flag, I will not worry too much about the overbought-ness.
solar2008 ( Date: 03-Jun-2009 23:08) Posted:
Technically the STI chart shows the trend lines are converging near 2400 where it will correct downward. Capitaland is listed in STI index hence it will be affected in some way. This counter is already overbought as all the TA indicators shows pretty clear signal that is will correct at around $4 before it starts rebound to next higher level. When? It depends very much on the overall sentiment. Property stocks can hold for long term if you bought in early 09. For me, I will clear some but not all. I still holding some capitaland shares, fyi. |
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Sorry, don't agree with your views.
STI and CapLand charts are very similiar. MAs show golden crosses all over the place.
ADX still rising on +vely placed DIs, this means got strong uptrend. In such situations, overbought-ness in the ocillators is an indication of strength. (if oversold, how to go higher and higher?)
Eventually, the correction will come, but perhaps not yet.
Today's candle is an inverted candle with it's trading range inside yesterday trading range. Today's volume is lower than yesterday. Perhaps it is a flag/pennant forming.
I have sold mine, now patiently waiting for the pattern to reveal itself. If it is a flag, I will not worry too much about the overbought-ness.
solar2008 ( Date: 03-Jun-2009 23:08) Posted:
Technically the STI chart shows the trend lines are converging near 2400 where it will correct downward. Capitaland is listed in STI index hence it will be affected in some way. This counter is already overbought as all the TA indicators shows pretty clear signal that is will correct at around $4 before it starts rebound to next higher level. When? It depends very much on the overall sentiment. Property stocks can hold for long term if you bought in early 09. For me, I will clear some but not all. I still holding some capitaland shares, fyi. |
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Some analyst stated that the correction is at 2500. Now only minor correction like "ping pong ball" bouncing slowly on the table. Sometime up, sometime down....abit abit abit.
Hope heavy weight investor don't smack the "ping pong ball" only.
Keep alert......on standby.
Technically the STI chart shows the trend lines are converging near 2400 where it will correct downward. Capitaland is listed in STI index hence it will be affected in some way. This counter is already overbought as all the TA indicators shows pretty clear signal that is will correct at around $4 before it starts rebound to next higher level. When? It depends very much on the overall sentiment. Property stocks can hold for long term if you bought in early 09. For me, I will clear some but not all. I still holding some capitaland shares, fyi.
Hi Solar, why you so confirm once STI hit near 2400plus, big stocks include capitalland will correct. What do you think to this counter for the next 2 day? Will it continue rebound?
Once STI hit near 2400plus, big stocks include this one will correct. That's why I run 1st before it starts to correct. My feel is that it will close below $4 today. My 2cents
will this really rebound today??still holding at around $4..
Hope tomorrow this counter will rebound....
I don't think this is a correction yet.
I see the price trend is still hugging the upper band.
Looks more on the arbitraging side, will last for a day or two. Still have room to go up further before the actual correction arrives.
expected to correct. Many counters overbought liao. Institutional game, so individual investors have be prudent.
Correction now....
good run..now this counter using reserve gear..anyone still holding?
Congrats!
solar2008 ( Date: 02-Jun-2009 09:43) Posted:
me got out at $4.10.. 120% gain.. Run 1st. |
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me got out at $4.10.. 120% gain.. Run 1st.
yes, indeed this burger too fast too furious, certainly not for weak heart....good luck to those still holding. Me out again 4.01 but i will be back again...hehe
So end of the week can accumulate more.
RSI hitting 70 band liao and overbought liao. Will start to correct end of the week.
yes, this counter going up so fast...
