Capitaland is currently trading within a range between $3.40 and $3.60. Key support to watch is $3.40. Breaking this support will form a “Lower Low, Lower High” bearish chart pattern. 200D SMA is about $3.40. In addition, this is also the 61.8% FR level.
In addition, breaking this support will start a Wave C. See previous Elliott Wave pattern on Capitaland here.
Keep a BIG eye on this level!
Yanlord is currently trading in a Falling Wedge and currently just trading at the wedge support (about $1.405) and also 61.8% Fibonacci Retracement Level. Next immediate support is 200D SMA at about $1.375. If this 200D SMA support is broken, Yanlord will be technically bearish and start a confirmed down trend.
See previous analysis on Yanlord.
Gold ETF (GLD) has broken a critical support at about $150 with huge selling volume. Wait for retracement to short GLD! 161.8% FR target is $133.60.
See previous post on how to short Gold.
If you are holding Gold as long term investment, suggest you re-look at your portfolio whether you want to take profit or cut loss.
Disclaimer: I am NOT a certified Financial Analyst. I am only a part time trader and trade base on my own analysis. This is NOT a Sell or Buy recommendation.
