Capitaland is currently trading in a down trend channel. The stock may rebound in the next few days after hitting the down trend channel support but will be facing psychological resistance at $3.00 followed by $3.10 the down trend channel resistance. There are no sign of Capitaland is going to bottom out soon. Also take note that the long term 200D MA is trending down.
Sound Global is currently trading within a down trend channel. Also take note that the long term 200D MA is trending down. Currently Sound Global is trading below 20D, 50D and 200D MA which is also a bearish sign. Sound Global has to break the 200D MA resistance or the down trend channel resistance at about $0.78 to stop the bearish trend.
Hong Leong Asia or HL Asia just broke the neckline resistance of a Double Bottoms chart pattern after breaking the down trend channel (gray lines) resistance. The price target of the successful Double Bottoms Breakout is $3.16. This target is also the 200D MA resistance. Currently HL Asia may experience a pull back to the 20D/50D MA support at about $2.73. If this support is reliable, this is a good entry level to long this stock.
