Capitaland: Big Fund Selling?

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Capitaland broke out from the Triple Tops and reversed to the bearish trend. Capitaland is currently at Elliott Wave A and may be rebound from 61.8% FR (about $3.40) or 200D SMA ($3.30) to form Wave B before continue the down trend.


Another interesting observation to note on the Time & Sales after last Friday closing, there was a huge sell down from $3.52 to $3.40 with 16,091 lots transacted. This represent 47% of the whole day transacted volume. Who was selling “desperately” after trading hour? There were similar selling patterns on Wilmar and SIA also, with close to 50% of the whole day trading volume sell down after the market close. It is up to your imagination who are the BIG SELLERS but this type of selling is definitely not a good sign.


Last Analysis on Capitaland.

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Bank of America (BAC): Beware Triple Tops!

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BAC formed a Dark Cloud Cover reversal candlestick pattern at the resistance and have a potential of forming a Triple Tops pattern. I moved my stop loss just below $12.00 psychological support to protect my profit.

Possible Scenarios & Trading Plan:

  • If BAC can stay above the $12.00 support, I will stick to my trading plan to let BAC to head towards $14.40 (161.8% FR). I will continue to move my stop loss upward to protect the profit.
  • If BAC breaks $12.00 support, I will be stopped out. The next plan is to wait for BAC to retrace back to the neckline of $11.00 (also the uptrend channel support – marked in green) and see whether this support can be hold. If there is reversal pattern at $11.00, I will long BAC again. If the $11.00 support is broken, there will be a breakout of Triple Tops chart pattern with price target below $10.00.  I may consider to short BAC using Put option.

See previous BAC analysis and chart pattern with different time scale here.

BAC Mar10-2013

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Keppel Land: Triple Tops

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Keppel Land has formed a Triple Tops and looks like reversing the trend. Currently Keppel Land is just at the 50D SMA support. The bear will be awaken if this support is broken.


Key Statistics for KPLD

Current P/E Ratio (ttm) 7.4281
Estimated P/E(12/2013) 15.7634
Relative P/E vs. FSSTI 0.7012
Earnings Per Share (SGD) (ttm) 0.5560
Est. EPS (SGD) (12/2013) 0.2620
Est. PEG Ratio 1.2743
Market Cap (M SGD) 6,378.70
Shares Outstanding (M) 1,544.48
30 Day Average Volume 2,511,067
Price/Book (mrq) 1.0339
Price/Sale (ttm) 6.6267
Dividend Indicated Gross Yield 2.91%
Cash Dividend (SGD) 0.1200
Last Dividend 04/23/2013
5 Year Dividend Growth 36.19%
Next Earnings Announcement 04/18/2013
Continue ReadingKeppel Land: Triple Tops