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Capitaland (C31)
Capitaland has been range bounced within a trading range of $3.45 ~ $3.80 since a year ago. Price action has arrived at the upper boundary of the trading range and RSI is overbought. The upper boundary is a multi-year strong resistance. It is wise to observe if prices is able to break the resistance or will it succumb to the resistance.
Labels: Market Action, Stock Pick
Yangzijiang (BS6) - To buy or not to buy?
Based on RMO Trade Model, a fresh breakout buy signal has surfaced. A new long can be taken:
However, classical technical analysis reveals a possible scenario where "history may repeat itself". Current price action ressemble Aug 2015 where the uptrend line was broken. After a 'return move', prices turned bearish. In view of the doubt, it is advisable to adopt a wait and see strategy instead of taking the new long based on the RMO trade model buy signal.
Labels: Market Action, Stock Pick
MetaStock XV ( ver 15 )
Finally, upgraded my MetaStock 10.1 (bought in 2009) to the latest version MetaStock XV (ver 15). There are many improvements, new features and new indicators such as below:
A quick look at STI using the RMO trading model. The index has been bullish since January 2017. There is new buy signal surfaced in the weekly chart ending last week:
