City Dev, Capitaland

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

City Dev, Capitaland updates

City dev did have a pull back ever since we mentioned it on 26 july it broke its horizontal support and 8.76 and closed at 8.51 a good 25 cents profit if you had shorted. Over here at the humble stock we advocate taking profit along the way and not try to aim for the highest and lowest and take profit. Taking profit along the way helps in your mental strength or phycology too. In case anything goes wrong at least u got some profit. So we would take some profit at this level as its at its horizontal support of 8.51 if that breaks hopefully we’ll see 8.35

Capitaland July 2016
Capitaland July 2016

Capitaland, also had some movement up to 3.21 since we blogged on 20 july tried to break out of its resistancce of 3.20 but failed and closed below its resistance. We’re now watching to see if the 3.16 support holds if not it might come down to the 200ma. Or will it attempt to break if resistance again.

 

Yours

Humbly

 

City Dev

City Dev Jul 2016
City Dev Jul 2016

City Dev had a nice run up recently and hit its major resistance of $9.It is currently sitting on its horizontal support of 8.76 but if that breaks then we might start to see further downside and profit taking to an eventual target of about 8.35. For a tight stop loss it can be at 8.90 if not at 9.02.

Yours

Humbly