Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[CU]

2007-07-19 daily chart ($2.89)

CapitaComm Trust Technical Analysis:

Comments:

daily Chart - following a sharp fall in late-Jun, stock price recovered substantial loss ground on lower volume. Yesterday's $2.89 closing broke below a bearish flag continuation pattern

Conclude: stock is likely to continue its downtrend move..

[CU]

2007-10-23 Weekly Chart ($2.57)

CapitaComm Technical Analysis:

Comments:

Daily Chart - stock initially formed a bearish divergence in late-Jun when it closes below $3. That led to a huge selldown to $2.11 in just over two months. Stock made a decent rebound thereafter but was lately force down again back below $2.80 level just over last week. During this period, weekly macd has dipped below "0" and stays mostly negative even after the technical rebound and in most recent, produces a bearish crossing near "0" level.

Conclude: the bearish crossing is quite a significant warning that the current techncial rebound has come to an end. Expect share price of CapitaComm to resume its prior downtrend to re-test approx. $2.20 level, a support close to the next major support trendline in Blue

Chart created with ChartNexus charting software

[CU]

2007-11-17 Daily semi-log chart ($2.25)

CapitaComm Technical Analysis:

Comments:

Daily Chart - property reits has not been on a good move over recent months, CapitaComm can't be spared too. It has fallen off from last mentioned $2.57 to current closing of $2.25 . Bearish Symmetric Triangle breakout was observed on 9/11

Conclude: stock continues to look bearish, major breakout was last seen on mid-Sep '06 when share price closed above leveled resist along $1.95 and this could turned out to be a critical support for CapitaComm

Chart created with ChartNexus charting software

[CU]

CapitaComm 2008-05-06 Daily Chart [$2.30]

Price pattern recognition:
Price formed a small H&S Bottom Reversal breakout - bullish

Indicator observation:
similarly, daily MacD have shown a H&S breakout, support was tested and rebound seen - bullish

Additional note:
None

Expectation:
initial upside target - $2.66

[HC]

Capital Commercial Trust (2008-11-10 Closing Price $1.00)

Capital Commercial Trust is pushing resisting trend line.  Let see if it can clear last significant high 1.08.