Monday, August 8, 2011

CapitaMalls Asia: Did I panic and sell?

CapitaMalls Asia did not start the day higher than the closing price of the last session. So, the bullish reversal signal formed in the last session failed to deliver and price touched a lower low of $1.21.

So, did I panic and sell? No, I only sell when prices test resistance, not when they are going lower. Downtrends are rivers of hope.


The MACD still looks like it could form a positive