Capitaland is currently trading in a Falling Wedge. Resistance at $3.15 and support is at $3.00. Long term price target base on Fibonacci Expansion, Capitaland may reach the 161.8% Fibonacci Retracement Level at about $2.44. Technically the chart is bearish and good for shorting when the rebound is exhausted.
See previous analysis on Capitaland: Elliott Wave.
Capitaland is forming a very nice & complete Elliott Wave. Technically Capitaland is starting a down trend where “Lower Low, Lower High” pattern has been formed. Current price is trading below all 20D, 50D and 200D SMA whereby 20D & 50D have started Death Cross over 200D SMA.
Previous Stock Chart Pattern Analysis on CapitaLand.
Expect more down side for Capitaland if look back at previous chart pattern. Previously Capitaland had shown Bearish Elliott Wave before. Will history repeat itself? Anyway it is not for me to guess. I will just trade base on what I see from the chart.
Could the recent rebound of Capitaland has ended and found the recent top at $3.85? If yes, it looks like Capitaland is trading in a Elliott Wave C now.
A few things to watch:
| Current P/E Ratio (ttm) | 15.7759 |
|---|---|
| Estimated P/E(12/2013) | 20.7955 |
| Relative P/E vs. FSSTI | 1.1373 |
| Earnings Per Share (SGD) (ttm) | 0.2320 |
| Est. EPS (SGD) (12/2013) | 0.1760 |
| Est. PEG Ratio | 0.4905 |
| Market Cap (M SGD) | 15,581.79 |
| Shares Outstanding (M) | 4,257.32 |
| 30 Day Average Volume | 11,473,200 |
| Price/Book (mrq) | 1.0133 |
| Price/Sale (ttm) | 4.6834 |
| Dividend Indicated Gross Yield | 1.91% |
| Cash Dividend (SGD) | 0.0700 |
| Last Dividend | 05/03/2013 |
| 5 Year Dividend Growth | -10.84% |
| Next Earnings Announcement | 08/01/2013 |