12 May 2010
SGX
SGX has been trading below 200MA with MACD trend below 0. The next resistance would be the gap resistance.
$8.1 could be a strong resistance to break through as it is resisted by 200MA confluence with classical resistance. It might be a good opportunity to short if indicators and candlestick confirm bearish signals at that level.
Capitland
The trend for Capitaland is very obvious a downtrend. Support has broken and it's trading below 200MA with MACD trend below 0. $3.88 would be a very strong resistance - Classical resistance confluence with 50% fibonacci resistance.
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