CapitaLand (C31) Bullish Flag Pattern

Technical Observation:
CapitaLand consolidated since March 17, after government announced to tweak part of the property cooling measure. Under the Wyckoff Method, we termed this consolidation zone as Re-accumulation with the prospect of another upward move (Mark Up).

At times, the re-accumulation can be slanted downward. But it also proves the supply is considerably larger than normal re-accumulation zone. Traders should be more cautious when trading breakout for stocks.

Disclaimer applies.

Popular posts from this blog

Wyckoff's Law of Effort

Bullish Case for Bitcoin