CapitaCom has retraced significantly since trading at the historical high of $1.89. Now, it is trading in a support zone between 2 Moving Averages (MA). The short term MA is resisting any price rally while the mid term MA is continuing to provide strong support.
For the uptrend to continue, CapitaCom must first trade past the short term MA. Observe a similar setup months ago in last October. The rally was only able to continue after the short term MA was no longer exerting any resistance.
To learn about these trading setups, join us in the upcoming complimentary seminar.
(SG) 2-Hour Coaching Session - Software Edition
Date : 25 Apr 2015 (Saturday)
Time : 9:30am-12:00pm
Venue : ChartNexus Learning Centre
Silver Room
10 Anson Road
International Plaza
#34-08, Singapore 079903
(Next to Tanjong Pagar MRT)
