Capitaland

City Dev, Capitaland updates

Kelwin & Roy Capitaland ,
31st July, 2016, 11:26 AM

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

 

AUSGROUP, Capitaland

Kelwin & Roy Ausgroup, Capitaland , ,
25th July, 2016, 2:09 PM
Ausgroup july 2016
Ausgroup july 2016

AusGroup operates in the LNG, oil & gas, minerals & metals, petrochemical and process sectors. We have established relationships with our clients in these sectors to build, maintain and upgrade some of the region’s most challenging development projects. ( Taken from their website) is related to the oil&gas sector which is currently weak now. It broke its support of 0.056 and closed at  0.055 today. With that we might see it test the next support at 0.047 if oil continues to be weak. Short entry could be at current price at 0.055 with stop loss at 0.06. This is a micro penny stock which will raise a few concern for us if we’re shorting it.

  1. It may be suspended. In event it does you might lose your full amount that you are shorting
  2. Micro pennies can have very erratic movement too. Its depth might be thin so if you’re shorting in big quantity you might have problem covering.

In conclusion, we wouldn’t short very huge for this and would go small only just to ride it down and would be willing to lose full capital if this stock were to suspend.

On the other hand, looking at the blue chips (more stable) capitaland which we pointed out last week had a nice move towards our resistance level of 3.19  and closed at 3.18. Congrats to those who made in this. Most property stock today had some run up which would be a little strange given current market condition. We would continue to be bullish as long as capitaland stays above the 200ma or if it can stay above the resistance of 3.19 which might take it to 3.25 first.

Have a great week ahead. 4 more days to the weekend =)

Yours

Humbly

Capitaland

Kelwin & Roy Capitaland ,
20th July, 2016, 2:09 PM
Capitaland July 2016
Capitaland July 2016

Capitaland is above its 200ma and now above its downtrend line too . With that we might see more upside in the coming days and if sti were to break above 2964 good chance capitaland could go to 3.19 first. Our stop loss can be one pip below the 200ma or 3.03

CAO (China aviation which we post earlier went to a low of 1.39 yesterday but it rebounded strongly today with an increase in volume. One should be careful if you got a short position either reduce position or wait till it hits stop loss at 1.52 and may even consider to go long then. =)

Yours

Humbly

Capitaland

Kelwin & Roy Capitaland ,
14th June, 2016, 3:01 PM
Capitaland June 2016
Capitaland June 2016

Capitaland is currently sitting very near it uptrend support line of about 2.93. The short term uptrend line is currently supporting it and its testing that line for about the third time. If that line breaks, we might see further downside to even 2.50 in the coming months. Our stop loss if we were to short below 2.93 would be 3.06 above the 200ma quite good risk reward ratio we feel.

We are to also look at the STI and how it performs. If the STI continues to be weak, we might see capitaland go down together with it. Stay tune. Will update on the STI .

 

Yours

Humbly

Capitaland

Kelwin & Roy Capitaland ,
14th January, 2016, 12:47 PM
Capitaland Jan 2016
Capitaland Jan 2016

 

Capitaland been showing some resilience the last few days despite the market sell off managing to stay above that green uptrend line that we drew  but just for today it seems that capitaland has closed lower than the trendline. Good to take note of it and if it breaks the 3.05 horizontal support we might see it head lower to the next horizontal support line at around 2.92 area first. A Stop loss 3.13 in the position turn against you.Will update more when the time comes

Yours

Humbly