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.
KepCorp rejected at the support turned resistance (uptrend line started from Dec 2011 & horizontal line at about 61.8% FR level) with a bearish closing Marubozu candle after Bearish Engulfing candles. KepCorp may be forming a Head and Shoulder pattern and reverse to a bearish trend.
Critical Support at $10.94 (50% FR & previous resistance turned support).
Critical Resistance at about $11.17-$11.22.
Original post by Marubozu @ My Stocks Investing Journey.
| Current P/E Ratio (ttm) | 11.1640 |
|---|---|
| Estimated P/E(12/2013) | 13.1310 |
| Relative P/E vs. FSSTI | 0.8368 |
| Earnings Per Share (SGD) (ttm) | 0.9880 |
| Est. EPS (SGD) (12/2013) | 0.8400 |
| Est. PEG Ratio | – |
| Market Cap (M SGD) | 19,941.65 |
| Shares Outstanding (M) | 1,807.95 |
| 30 Day Average Volume | 3,092,467 |
| Price/Book (mrq) | 2.2132 |
| Price/Sale (ttm) | 1.6876 |
| Dividend Indicated Gross Yield | 3.35% |
| Cash Dividend (SGD) | 0.1000 |
| Dividend Ex-Date | 07/25/2013 |
| 5 Year Dividend Growth | -10.02% |
| Next Earnings Announcement | 01/24/2014 |
Unable to enter any trade base on last trade idea on Caterpillar as CAT did not reach my target entry price. Fortunately the chart presented me another entry level few days ago. This time is a bearish entry when CAT was rejected at 200D SMA resistance and also the Symmetrical Triangle resistance. In addition, the candlestick patterns were shouting LOUD and CLEAR at me with Shooting Star and Bearish Engulfing patterns.
Trading Strategy: Short Call Spread Sept 13 85/90
Chart from thinkorswim, get FREE chart here.