Capitaland - Traded 75 Lots

Traded 75 lots of Capitaland last week when the stock was some what bullish. The chart looks supported but the flushes are real. It would take you out mentally but looking at the behavior, the stock was poised for a rebound rather than a further sell down. Although did not managed to get in at a good price, but still managed to ride out the wave and made some good profits. Study the flushes in the 5 minute chart, it's scary it's a maneuver to move the stock higher. Without flushes, the stock cannot move higher because smart money needs to buy more at good price since the stock has recently company share buy back news.

http://stockmarketmindgames.blogspot.com/2018/08/capitaland-company-buy-back-shares.html

Looking to see how much more it can climb but looking to lock in profits soon.



Ronald K - Market Psychologist - A Stock Market Opportunist