Property STI

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

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 🙂