Capitaland: Elliott Wave C Down?

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:

  • $3.66 is the recent support. It may be forming a Head and Shoulder with neckline at $3.66. 
  • $3.60 support.
  • 50D SMA support which use to be a reliable support base on recent pattern.
  • 200D SMA support.
  • $3.40 support (61.8% Fibonacci Retracement Level). Breaking this support will confirm the Wave C, also confirm the down trend for Capitaland.


Key Statistics for CAPL

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

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