On 6th May, Rotary hit support level at 0.97 as illustrated previously and closed lower forming a spinning top. Today (7th May), Rotary opened much lower but formed a white long candle to close at 1.01. Previously I mentioned based on TA, Rotary is due for a rebound. The outstanding Q1 results helped to materialized this
On the other hand, CapitaLand opened at the $3.5 crucial support and did a technical rebound instantly. It broke the $3.61 resistance and closed above to form a harami.
The mess in Europe is a huge spoiler and could overshadow the potential rebounds for these 2 counters. Next monday will confirm if this is a technical rebound or truely a reversal. However judging from DJIA's current performance, the rebound, sadly could be short lived.
Update: Removed the word - harami from the title for accuracy.
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