Yangzijiang: Trading in a Symmetrical Triangle
Yangzijiang is trading within a Symmetrical Triangle. Watch out for a breakout.
Capitaland: Break Support!
If Capitaland cannot return back up to $2.33, this support will turn resistance and the stock price will be heading towards $1.964.
- Fundamentally the stock is under value base on NAV and PE ratio.
- Technically Capitaland stock chart is bearish. The stock is on down trend and recently drop back into the down trend channel.
- Base on Macro-economy, Capitaland has exposure in China. There is a high probability of property bubble in property sector.
- Recent ABSD (Additional Buyer Stamp Duty) also dented the investing sentiment in property counter.
This is a classic example that stock market is very much emotional rather than logical.
This post is orginally from My Stocks Investing Journey.
Is Singapore Exchange (SGX) breaking down from Descending Triangle?
Singapore Exchange (SGX) broke $6.00 psychological support and looks like breaking down from a Descending Triangle. Price target for the breakdown is $5.225. SGX is still on down trend channel
Original Post from My Stocks Investing Journey.