Capitaland: Uptrend Still Intact But Watch the Support!

  • Post author:

Capitaland is still on the uptrend channel but there are critical levels to watch. These two levels are extremely critical because it will change the wave count in the Elliott Wave pattern.

  • $3.15: Previous Support Turned Resistance. If Capitaland goes back above this level in the next few days, Wave 5 (bullish) still in action.
  • $3.10: Uptrend Channel Support + 20D SMA. If Capitaland breaks this support, Wave A (bearish) starts.

 

Previous analysis on Capitaland – Elliott Wave.

Continue ReadingCapitaland: Uptrend Still Intact But Watch the Support!

Genting: Short Term Bullish Trade?

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Base on current daily chart, Genting SP looks like forming a Bullish Pennant and trading within an uptrend channel. 2/5 EMA are showing bullish signal on both daily and weekly chart. Currently Genting SP is just sitting on the 50D SMA and seems like a good support so far.

Looks like a good opportunity to have a very short trade (bullish trade) with price target of $1.46 (161.8% Fibonacci Retracement Level). Note: Genting Singapore is still on long term down trend where 200D SMA is still trending down.

 

Continue ReadingGenting: Short Term Bullish Trade?

Capitaland: Elliott Wave 5 Now?

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Capitaland has been following a nice Elliott Wave with nice Fibonacci Retracement (61.8%, 161.8%). There is a change to have an almost perfect Elliott Wave 1-5 pattern if Capitaland can stay above the 20D SMA to reach the 261.8% target of $3.31. Alternatively, if Capitaland break the uptrend channel support & 20D SMA at about $3.00, the Elliott Wave has to be redrawn to be Wave C.

  • Immediate Resistance to watch: $3.15
  • Immediate Support to watch: $3.00

 

 

Key Statistics for CAPL

Current P/E Ratio (ttm) 12.1344
Estimated P/E (12/2012 ) 21.4685
Earnings Per Share (SGD) (ttm) 0.2530
Est. EPS (SGD) (12/2012) 0.1430
Est. PEG Ratio 0.7878
Market Cap (M SGD) 13,048.96
Shares Outstanding (M) 4,250.47
Enterprise Value (M SGD) (ttm) 25,638.30
Enterprise Value/EBITDA (ttm) 35.08
Price/Book (mrq) 0.8632
Price/Sale (ttm) 4.1151
Dividend Indicated Gross Yield 1.9544
Next Earnings Announcement 10/19/2012
Continue ReadingCapitaland: Elliott Wave 5 Now?