Advice on Technical Analysis on SGX Stocks, how to trade it with japanese candlesticks..and trade with other parameters to gauge the direction of a particular stock if it is uptrend or downtrend..Of course this is only my personal view with disclaimer on my website. "To check Disclaimer, it is on the left top of the website here"

Tuesday, April 20, 2010

Capitaland, as expected moving dowtrend after not able to sustain at above 4.00

Well, as mentioned on my previous post, Capitaland has not able to sustain at the price above 4.00 which OBV not able to turn from negative to positive to show more buying support. Therefore, the signal of uptrend still not able to confirm as OBV not able to provide support and turn the table around.

Though RSI of 14days has been the indicator to do a reversal trend but need a true support of volume in order to push this stock price up.

Will explain more the scenario soon with more candlestick signal to see for the next few days.

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