Capitaland – [ Second Upside Target Met On A Good Set Of Results, Saw The Signs Before That?]
Chart Source: Poemsview 20th Feb 2019
Capitaland released their results this morning before market open. A set of stronger results resulted in a nice gap up for Capitaland which also meant that our second target was met!
Just a week ago before Capitaland showed some strength when it broke above its 5ema a short terming moving average.
With that strength came some volume which was higher than the previous and of course our EXCLUSIVE CLIENTS were alerted on it. Anย entry at $3.34 saw a nice 3% upside in a week to $3.44.ย
Capitaland currently at its horizontal resistance of $3.44 and a break above might see it move to the previous high of $3.46 which could be a strong resistance there.
It is important to have a sound and tradable plan especially trading near results.
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Yours
Humbly
Kelwin&Roy