Monday, March 26, 2012

CapitaMalls Asia: To buy on possible weakness.



There is a rather obvious negative divergence between price and the MACD. Higher price was achieved with a lower high on the MACD recently. So, we should not be surprised if the share price should decline in the near future as positive momentum in the short term weakens.



However, look at the OBV. There is no sign of smart money retreating as price rose. In fact, it is scaling higher. This