City Dev, Capitaland

14th November, 2016, 2:59 PM
City Dev Nov 2016
City Dev Nov 2016

City Dev to us can be a tricky stock as there are times when it moves up and down with many fake breakout and breakdown.

We’re using the 200ma as a guide this time as we did for mapletree Log(http://singaporehumblestock.com/2016/11/mapletree-log-2/) by the way it came down more today =) just shy of 0.05 of our target of 97 cents.

For city dev, its been above the 200ma for the last 7 months. So this has to hold and if it doesn’t then long term players might even let go of their holdings which could accelerate the downwards movement . 200ma stands at $8.35 we’ll only initiate a short if it breaks down convincingly. Entry can be 8.34 with a stop loss of 8.41. We’re putting a tight stop loss for this. But if you have a bigger tolerant then your stop loss could be at  8.69

 

Capitaland Nov 2016
Capitaland Nov 2016

Capitaland might see further downside to 2.95 area before we see some rebound depending on the market

Yours

Humbly

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