Capital Land had a Head & Shoulders pattern failure and have almost reached the target price of $4.40. Capital Land will probably have a correction to retest the $4.12 resistance turned support line. This stock has the potential to go up to $4.686 if this support level can be hold.
StarHub was on a free fall for last few trading days. Yesterday StarHub closed at $1.93 with a bullish harami candles formed. This pattern implies a pause in a down trend and is a realiable signal for a possible change in sentiment. The down trend may have stopped and the StarHub may move sideway or reverse the trend. Next session candle is important to confirm the subsequent movement. If next Monday StarHub opens with a gap up with increase in volume, a Three Inside Up pattern is formed which confirm a trend reversal.
- Next immediate resistance at $1.94 and critical support at $1.83. Can StarHub break the resistance and hold above these critical supports?
- When can 20D MA crosses up 50D and 200D MA?