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.

The Head and Shoulder on CapLand

Now let's hope that I am referring to the right counter because my data base only tells me it is Capita. I believe this chart is Capital Land, or Capland for short.


Fig 1 Capland Daily Chart

I started off with using Weekly Chart but I found the chart looks very quantised at weekly level.The daily level looks much better.

Looking at the chart, I see a head and shoulder with objective of 2.785. It might however head back to the neckline at 3.83 first.

The indicators seems to be heading up with potential divergence, but I won't bet on it.