On Thursday, CapitaMall re-test the support at $1.97 and closed at $2 with LOW volume of 2.19 million shares traded. A white candle sticks with long lower shadow similar to “hanging man” affirms that investors are hesitant to buy the stocks above the 2 years high resistance at $2.01/2.02 Both RSI & MACD are bullish [...]

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On Thursday, CapitaMall tested its major support at $1.89 and closed at $1.89 with HIGH volume of 6.26 million shares traded. An engulfing bearish line occurred (where a black candle’s real body completely contains the previous white candle’s real body).  The engulfing bearish pattern is bearish and signifies that the momentum may be shifting from [...]

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Today Genting re-tested its support at $1.14 and closed higher at $1.15 with low volume of 54.9 million shares traded. A white candle stick with little lower shadow and low volume indicated that the current interest in this counter is small. Both RSI & MACD are bullish with RSI already at overbought region. Important Resistance [...]

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Today CapitaMall tested its critical support at $1.81 but managed to close flat at $1.85 with 8.55 million shares traded. A candle stick with long lower shadow occurred.  This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold). RSI & [...]

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Yangzijiang is one of the few stocks which the uptrend still intact though STI has dropped over 200 points for the past 2 weeks. After the breakout from $1.26 at April 2010, Yangzijiang trading volume has increased quite significantly to indicate its high volatility.  Currently this counter resting at the resistance turned support of $1.26 [...]

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