10 Apr '11, 5am

Change Of Fortunes For Capitamall Trust; Current Momentum Could Continue – SharesInv.com

Change Of Fortunes For Capitamall Trust; Current Momentum Could Continue – SharesInv.com

Capitamall Trust has formed a bullish reversal pattern and could potentially continue its recent momentum. In fact, it has rallied above the level that resisted price prior to the Japan Earthquake Disaster. That $1.80 region shaded in pink was a strong resistance and support level that played a prominent hurdle for both bulls and bears since late 2009. As long as this zone remains intact, bears are unlikely to be bold enough to shoot for the $1.71 low that we saw at the height of fears after the earthquake. View Full-sized Image Legend: Green area = ceiling Pink area = floor Yellow area = regret

Full article: http://www.sharesinv.com/articles/2011/04/10/capitamal-tr...

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