Capitaland: Ready to go up?

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A nice chart on Capitaland for a potential bullish short trade.

Capitaland has retraced back to 61.8% Fibonacci Retracement Level after reaching the high at $2.75 recently. As long as Capitaland stays above this 61.8%% FR at about $2.63, the price target for the short trade is $2.95 which is the 161.8% FR level. 2/5 EMA on both daily and weekly charts show bullish signal and 20D SMA is trending up. 200D SMA is at $2.67.

However, watch out for the Bearish Engulfing candlestick at the 200D SMA resistance. This candlestick pattern may spoil the fun!

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Capitaland: When can the Selling Off Finished?

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Capitaland is starting a healthy correction (hopefully!) currently. The stock price is currently under the Net Asset Value (NAV) and many analysts view this stock as under value. However, this is not the time to long the stock yet until the correction over. A good entry level is near the supports level at about $2.77 (38.2% Fibonacci Retracement Level) followed by $2.67 (200D SMA). The 50D SMA is also going to cross 200D SMA soon which is also a bullish signal. Rule of thumb: Buy near Support, Sell Near Resistance.

Weekly chart shows that Capitaland has bottomed and reversed to uptrend (need to be confirmed) at $2.20. Need a “Higher High, Higher Low” to confirm the uptrend.

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Singapore Property Stocks Valuation Comparison

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Fundamental Analysis and Valuation Comparison of Singapore Property Stocks: Capitaland, Ho Bee, Keppel Land, City Development, Guocoland, HongKong Land, Yanlord and WingTai.

  • PE = Price Per Earning
  • NAV = Net Asset Value
  • ROA = Return on Asset
  • ROE = Return on Equity
  • P/B = Price Per Book
  • ttm = Trailing Twelve Months
  • PEG = PE / Growth Rate

Previous post for different valuation method, e.g. PE and PEG.

My Stock Selection Criteria.

 

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