CapitaLand – Forming a Wedge
Capitaland is currently forming a wedge. Capitaland has to clear the 200D MA resistance (at about $3.90) and the wedge resistance (at about $4.00) to start a bull run.
Capitaland is currently forming a wedge. Capitaland has to clear the 200D MA resistance (at about $3.90) and the wedge resistance (at about $4.00) to start a bull run.
Keppel Land is currently facing a tough resistance at $3.85 to break. This KepLand bounces back from this resistance level, there is a risk of forming a Double Tops pattern. Immediate support at 50D MA followed by 20D MA. Definitely not a good entry point at this level except a breakout of this resistance with huge trading volume.
CSE Global is showing a Elliott Wave chart pattern. It looks like starting of a Elliott Wave B after finding a support at $0.86 which is a 61.8% Fibonacci Retracement Level. Currently CSE Global is testing an immediate resistance at about $0.90 (20D and 200D MA). If this resistance is cleared, it is confirmed that Elliott Wave B is formed and the next resistance is about $1.00 (50D MA and 78.6% Fibonacci Retracement Level). This $1.00 (or somewhere near the up trend support turned resistance) may be the starting point of Elliott Wave C.