Jun 15, 2010

Follow up on CapitaLand

The 38.2% retracement level will be a major resistance.It also coincides with the kumo cloud. However with STI rallying up abit, I expect CapitaLand to close above the 38.2% retracement level. Target price set at 3.79 followed by 3.9.

Let's see how this pans out. I am vested in this.

P/s: KepLand looks like a promising candidate to short. More on this tomorrow.

No comments: