Username
Password
Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,114.16 -11.98 -0.38%
Hang Seng 26,719.58 -128.91 -0.48%
Dow Jones 26,770.20 -255.68 -0.95%
Shanghai Composite 2,938.14 -39.19 -1.32%
CapitaMalls Asia: A Good Opportunity To Short On Rebound?
Trend Spotting | 28 June 2013
By: Robin Han
Articles (102) Profile

CapitaMalls Asia is a weak stock in the market. The stock has been dropping since early February 2013, long before the recent severe drop in Straits Times Index. Up till now, there is no sign of turning for the downtrend.

However, CapitaMalls Asia rebounded in the past few days, which provides a good opportunity to short on rebound. Besides, the stock was unable to close at the high end of the candle, indicating that sellers are still in control.

The US market went up 0.8 percent last night. If CapitaMalls Asia can gap up a little bit more, it will be quite ideal to short this weak stock during a rebound.

Daily Chart Of CapitaMalls Asia

Robin Han is a Ph.D in Department of Chemical and Biomolecular Engineering and has got a solid foundation in the financial markets.

Please click here for more information about this author.


Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.