Hey folks I have quite a few new positions today.
But one thing caught my eye. The property sector seems to be in play. I do admit I looked at Capland and CityDev only though. Both showing similar formations. It is not a symmetrical triangle per se, just trend-lines. But it is possible the counters are forming higher lows. For those who are short on the counters, my cut loss points are listed. Those points are a break of the previous high, and am catering for a possible re-test of those levels and a possible M double top formation. But if it trends higher, then the trend has a high probability of reversing on the bullish side. It could also fall towards a re-test of the bottom. I will be looking at this and other charts at the end of the trading day.
For those who do not have a position in it yet, it is worth putting on watchlist.
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