Monday, January 13, 2014

Capitaland - Double Bottom?

Ever since I posted Capitaland on December 20th 2013 with it's hidden selling and my mid term bearish view, I had been putting this stock in my watch list for my next big trade. Until today, the stock still has no effort to rally at all! It had been almost a month but still the stock price lingered around 2.94-3.00.

While most Technical Analysts use technical classical patterns like Double Top and Double Bottom to warrant a long signal, I prefer to shy away from those technicals. Capitaland now has a double bottom and by right the stock should have a technical rebound. But why don't we see it happening now?

Ronald K - Market Psychologist - The Big Speculator