Capitamall – Tick Insights

CapitaMall Trust Stock Code C38U.SGX

Outlook
Price broke above the cloud yesterday and this could be the start of a new trend. Two days ago, while price was moving through the cloud, there was a strong white candle, hinting of a strong price move. Conversion and Base lines had a bullish crossover, confirming the bullish trend. Both Conversion and Base lines are pointing up and both their slope are steep, which is a hint of a strong bullish trend. Lagging Span confirms the bullish trend as well. Lagging Span is above price of 26 days ago but is currently just below the cloud.. MACD is turning up and both its lines are above the zero line.

Strategy
$2.03 Buy
$2.22 Price Target
$1.91 Risk Management Stop
3 weeks Trade Duration

First Resources Stock Code EB5.SGX

Outlook
Price broke above the cloud yesterday with a strong white candlestick and this could be the start of a new bullish trend. Conversion and Base lines had a bullish crossover earlier, confirming the bullish trend. Both Conversion and Base lines are pointing up and both their slope are steep, which is a hint of a strong bullish trend. Lagging Span confirms the bullish trend as well. Lagging Span is above price of 26 days ago but is currently inside the cloud. MACD is pointing up and both its lines are above the zero line.

Strategy
$1.41 Buy
$1.65 Price Target
$1.30 Risk Management Stop
3 weeks Trade Duration

Genting Sing Stock Code G13.SGX

Outlook
Price declined to a low of $0.51 on 19 March 2020 and has recovered to a high of $0.78 on 17 April. For 3 days, price tried to move above the cloud but was unable to do so. If price is unable to move above the cloud, it is likely to move lower. The cloud is getting thicker, going forward and it will be harder for price to break though. Price has closed below the Conversion line although it is still above the Base line. Lagging Span is hinting of a bearish trend as it is below price of 26 days ago as well as below the cloud. If price is unable to move above the cloud, it is likely to test the Fibonacci 50% correction point of the rally at $0.650. MACD is starting to turn down and the bullish trend of MACD may be short-lived.

Strategy
$0.740                Sell
$0.650                Price Target
$0.790                Risk Management Stop
3 weeks             Trade Duration

Capitamall Trust Stock Code C38U.SGX

Outlook
Price has been below the cloud since 5 March 2020 when it tried to move above the cloud without success. Price reached a low on 3 April at $1.49. There was a price recovery but this recovery has been capped by both the Conversion and Base lines. Both Conversion and Base lines have a bearish crossover as well, hinting of a start of a bearish trend which could bring price lower to $1.50. Lagging Span confirms the bearish trend with its line below price of 26 periods ago and also below the cloud. Price has closed a gap that opened up on 17 April as well. MACD is bearish with both its line below the zero line.

Strategy
$1.78                 Sell
$1.60                 Price Target
$1.90                 Risk Management Stop
3 weeks             Trade Duration