My Charting Blog

It is interesting that I start off this Blog when the Singapore Stock Market is heading south. However, this makes it more interesting for me to write on as the market turned volatile. My interest is Technical Analysis, TA for short. I love to look at charts and predicting where they are heading. This blog is or me to record my thoughts on the market. The articles on this blog are based solely on my personal opinion on the charts that I read and readers should not take it as absolute.

2/16/2011

Double Top on Capland

Okay, a very short one today. A friend sent me an e-mail asking me when is it a good time to enter Capland.

I opened the chart and I saw this......

Fig 1 Capland Daily chart

It took a year for this counter to complete the double top and it has broken the neckline. I presume it will be heading south for now. Technically it is heading for 2.68.

However, if it breaks 3.46 upward, then like my teacher said, all bets are off.

Labels: Capland