I was browsing a list of stock for trading opportunities and happened to see Capitaland. I was reading the operations of Capitaland and find that something unusual was mounting in this stock. Capitaland had been sold down a lot and i saw many analysts were unanimously downgrading this stock. Seems like Capitaland was having bad coverages from the media. Inside the world of supply and demand, is Capitaland really a bad stock to continue to get beaten or is it poised for a rally? Are the big operators buying this stock now or are they distributing more?
Looking at the situation, i saw many signs of accumulation taking place. However i also mentioned in my previous posts that anything can happen in the stock market and maybe there might be another maneuver designed by the big operators before a rally should start. The stock market is a deceitful yet lucrative business if you know how to read maneuvered operations, envisaged it and act on it. The lowest risk is always at the danger point and not many people would dare to act on it. That's why the big operators always win big and the last minute public always get slaughtered.
As of writing now, i see that the selling is as of weak strength and not strong enough to bring prices down much further. There were many signs of buying from big operators and their evidence were manifested in the chart. Personally i think Capitaland is poised for a rally soon and this should be a position trade for swing traders. This trade is definitely worth the risk predicated by the risk/reward ratio, however be mentally prepared for another maneuver by the big operators to flush you out first or the rally should start anytime now.
Ronald K
Update: Capitaland today's action (27/12/2010) is normal and is posied for a rally anytime now.
