Year End Window Dressing Rally ????

STI

2 pick from STI.

Capitaland

Wilmar

UOB also rebounded from the low.........

Capitaland -->Reversal upcoming

Capitaland was unable to clear the downtrend line and form a potential reversal candlestick formation.Another sign of high chance of reversal is that the RSI and stochastic are at extremely overbought region and stochastic shown a cross down.I will keep it on my watchlist and will enter near lower band of parallel channel.However , if i am wrong and capitaland goes up , i will still take profit at upper band of parallel channel.

Capitaland

Capitaland showing potential reverse H&S formation... However , need to break 3.86 resistance 1st... One thing to note is for the past few days volume shown that bear had the upper hand , therefore might not happened


Capitaland today shoot up due to insider trading as shown below

1. Liew Mun Leong 234529
2. Arfat Selvam (aka Arfat Selvam... 23223
3. James Koh Cher Siang 28985
4. Richard Edward Hale 28383
5. Jackson Peter Tai 18062
6. Lim Chin Beng 27670
7. Peter Seah Lim Huat 26016
8. Hu Tsu Tau 30964

Might have something brewing. It crossed my initial resistance of 3.86 , closing at 3.90, with the increase possibility of  inverted H&S formation. Hoping to sell along downtrend line if H&S formation failed , if not $4.09..Huat ar !