Trading Ichimoku » Property

City Development (SIN:S09) : Bearish Cross

iam802 — Mon, 22 Nov 2010 14:54:40 +0000

City Development (CDL) has a gap down today from $13 and closing at $12.58; remaining on the low side for the day.

The volume is fairly high and a bearish Tekan sen – Kijun sen cross is confirmed.

Support is currently at $12.29 from the Chikou Span which coincides with the the kumo support.

A drop below this level will see the shorts trying to push it down to the range at $11

Is the drop for CDL the first sign of the increasing supply at the property front?

StamfordLand (H07) : Is this a new bullish move?

iam802 — Thu, 07 Jan 2010 05:07:51 +0000

Hi tonylim,

Here’s the updated chart.

1. We can see that there is some ‘light’ buying over the last few days. Volume is not as high as those in Aug – Oct 2009.

2. The price inch upwards but was not breaking 0.43

3. We can see that the price has consolidated at this region since last October and the kumo support is getting thin (weak).

4. The ‘red line’ represents the Tenkan sen; it seems to be moving up again. Maybe there is something brewing here

CityDev (C09) : Bearish Kumo Twist

iam802 — Thu, 29 Oct 2009 10:16:42 +0000

The Daily Ichimoku Chart is showing a bearish outlook for CityDev.

1. We have a Bearish Tenkan sen – Kijun sen cross back in September 25.

2. Price is trading inside the kumo, however, the leading kumo has twisted and may trend down soon.

2. Possible trading range between 9.71 and 10.37

Alexandria Real Estate (ARE) : Is this a Head and Shoulder in the Making?

iam802 — Fri, 09 Oct 2009 08:57:04 +0000

Continuing my monitoring of ARE.

As of yesterday’s close, there is still no sign that it will continue to be bullish since its last gap down.

It has just rebounded off a support at around 51.78 and it is still too early to tell if it will climb higher. If it fails to climb higher and break through 55.67, we have a lower high and perhaps the a Head and Shoulder formation.

Note:

- Still too early to tell.

- Wait for confirmation

StamfordLand (H07) : Lacking strength to break through

iam802 — Fri, 09 Oct 2009 06:48:42 +0000

Previously, I mentioned that StamfordLand is hitting resistance and is trading inside the Weekly Kumo; a sign of trendless state.

Just a couple of days back, the Reserve Bank of Australia announced rate hike and indirectly, it lead to a small surge for StamfordLand.

Though, it is clear from the chart that it lacks the strength to push through and break resistance. From the last candlestick price action, we can see that StamfordLand is not able to go beyond 0.43 and stay above it. This, to me is a clear indication that its business fundamentals have not improved yet (despite a possible gain from the strenthening Aussie dollar).