Thursday, January 19, 2012

Capitaland: Partial divestment at $2.48.

Just two days ago, on 17 January, I said that I see resistance at $2.48. I got this from the weekly chart as that was resistance provided by the declining 20wMA and the 138.2% Fibo line.

So, I put in an overnight sell order at $2.48 and it was filled later in the session today.



In very bullish circumstances, we could see $2.50 and $2.53 taken out with ease. With the formation of a long white