Charting Part 1

I have been getting feedback that the blog looks more like a "cut and paste blog". Okay, time to get some technical charts up and running le. Ehhhhh, where should i start?

Lets get to my Red Alert list;

1- Capitaland (C31.SI)
2- SingTel (Z74.SI)
3- OCBC Bank (O39.SI)

I will start the ball rolling for Capitaland first.

For some reason, due to the sub-prime crisis in U.S, many funds are oversold and undervalue given the fact that Singapore will be in their prime for the next few years(or more), i believed this is a good time to enter (with caution of course) as i am bullish about the future on Singapore.

Therefore, base on what i have seen for the past week for sg funds, selling is more than buying.

In Singapore, most of us are kai-su, but almost all are kai-si! (which at some point i belongs to both of the 2 categories as well)


Historical Trend for Capitaland

52 Weeks Trend

Interesting point to take note will be the dip during August which cross over the support line (close at 6.40), and then rebound. If we look at the recent dip dated Nov 19th (close at 6.5), i believe it will jump on a rebound again, to be safe i would enter at 6.7-6.9

This is my first time doing charting, i hope i am right by applying from what i have learned from my investment class.