Capitaland: Breakout !
Capitaland breakout from Inverted Head and Shoulders and the price target is $3.65. Also note that the increase in buying volume supports the breakout.
Capitaland breakout from Inverted Head and Shoulders and the price target is $3.65. Also note that the increase in buying volume supports the breakout.
IndoAgri has formed an Inverted Head and Shoulders and currently testing the neckline resistance at about $2.30. Previously IndoAgri had a very nice breakout from a Rising Wedge and reached the minimum breakout target price. Can IndoAgriculture have a nice breakout from this Inverted Head and Shoulders pattern and reach the minimum target price of $2.54? If yes, this IndoAgri chart pattern can be a very good teaching material of chart patterns for a Technical Analysis class!
Straits Asia Resources has been on the up trend for the past 3 weeks. Currently SAR is testing the uptrend support turned resistance and a pull back is expected. Currently RSI and Stochastic oscillator show SAR is overbought. Next support is $2.565 which is the 78.6% Fibonacci Support.