Friday, June 10, 2011

CapitaMalls Asia and Capitaland: Daily versus Weekly.

The possibility of a positive divergence panning out for CapitaMalls Asia still exists. With a lower low in its share price, the MACD has stayed at a higher low. However, it seems to be having some difficulty making a positive crossover with the signal line.


I decided to look at the weekly chart and found that the MACD has just gone lower than the previous low. A lower low on the MACD in the