Capitaland released results yesterday and it was a good one. The stock price gap up and then maintained there for a long time until now. It could imply that the stock is strong and the buyers are supporting the stock. It could also mean that the stock might have higher price to come since the news was pretty good and did not sell down after the news was released. In the chart, there were nice collections and gap up above profit taking area but because this is a slow counter, hence I prefer to watch for the next turning point before taking the next action.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
