Noble Group: Bull Trap!

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Noble Group has probably finished the rebound from $0.92 after breaking down from the Head and Shoulder pattern. The rebound ended at 200D SMA resistance and also the neckline at about $0.99.  Currently Noble Group looks like turning down after rejected at the down trend channel resistance and move toward the price target of $0.87.

See previous analysis of Noble Group here.

2014Feb14-Noble Group

Continue ReadingNoble Group: Bull Trap!

Capitaland: Dead Cat Bounce Finished?

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Capitaland was rejected at 50D SMA resistance with a Doji Bearish Engulfing. This resistance ($2.93) is the previous support turned resistance and also the Down Trend Channel Resistance. It looks like Capitaland will continue the down trend from here onwards. Technically Capitaland is on the down trend when 20D, 50D and 200D are all sloping down.

See other post for Capitaland fundamental data comparison with other property counters here.

2014Feb14-Capitaland-800x600

Continue ReadingCapitaland: Dead Cat Bounce Finished?