Capitaland - Will there be nine dead cat bounces within the bear claws formation?

Since the last posting on 13th February 2014 Mr Grizzly Bear has won again managing to defeat the bulls at the red upper bear claws resistance zone for the 8th time.

This upper red bear claws resistance band is now the immediate resistance.

Next resistance is the $2.95 to $2.94  horizontal resistance zone. A close above $2.95 will probably see a retest of $3.05

A cat has 9 lives as the saying goes. Perhaps dead cat bounces comes in nines too! If this is true then expect a retest of the upper red bear claws resistance band for the 9th time followed by a pullback towards the blue mid band immediate support area.

Any further weakness will test the $2.73 support. If this support does not hold there is a high chance that the lower red support band will be retest for the 3rd time since June 2013.

Wilmar Retesting Previous Head and Shoulders Support and Resistance Zones

Chart as at 20th February 2014 1112 am.

Since the last posting on 12th February 2014 a pullback down into the yellow support zone and a nice rebound has happened.

Take note that the yellow zone has been updated to include the latest chart data.

This yellow support is the springboard that launched a breakout above the blue downward sloping neckline zone and propel price into the blue ellipse target area shown in the last posting on 12th February 2014.

The blue ellipse region has been updated to show 3 support and resistance zones:

1. Immediate support is the orange band.

2. Immediate resistance is the pink zone

3. Next resistance is the light blue region

Take note that the neckline zone has reversed its role from former resistance zone to the new support area.

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LIPPOMALLS POTENTIAL INVERTED CUP AND HANDLE PATTERN

Chart shown as at 14th Feb 2014 1.04 pm

Potential inverted cup and handle formation is observed and its yellow immediate support is being tested. A close below this yellow area will confirm this inverted cup and handle formation.

Next potential support below the yellow band is the blue zone and if further weakness happens price will test the green support region.

Take note that this is the 6th attempt to breakdown below the yellow support band. The bulls managed to defend the yellow support zone for the last 5 previous bear attacks.

IF there is a close above 40 cents the upper blue downward dotted channel resistance may be tested.

IF price clears the blue dotted down sloping channel it will challenge the pink resistance zone.

Capitaland Testing Upper Resistance of Bear Claw

Chart shown as at 13th Feb 2014 1238pm.

Since the last posting on 7th Feb 2014 price has cleared the blue mid band and is now challenging the upper resistance band of the bear claw formation.

This will be the 8th attempt to escape from the claw trap. The previous 7 failed attempts are indicated by the red bear icons. Current escape shown by the blue bear.

IF this 8th attempt succeeds price will retest the next resistance zone at $3.06 - $3.05

However, should Mr Grizzly wins again expect a pullback to the blue mid band.

IF mid band support failure happens then a retest of $2.73

Below $2.73 will see the lower support of this bear claw formation being challenged again.

Wilmar Testing Neckline Resistance Zone as at 12th Feb 2014 2.20pm

Chart shown as at 12th Feb 2014 2.20pm.

Immediate resistance is the down sloping blue neckline resistance zone

Next resistance is the high of the doji at $3.30

Take note that price MUST close above $3.30 for the next upward move towards the blue ellipse region

Immediate support is the yellow zone. This yellow zone has been updated to include latest price data since the last posting on 5th Feb 2014.

Next potential support reference is the low of the hammer variant at $3.07

Support failure below $3.07 will result in a fall to the next potential support zone indicated in green.

Capitaland - Trapped Inside the Bear Claws

Since June 2013 price has been trapped inside the grasp of the bear claws. The many attempts to escape from the bear claws has so far been unsuccessful. Immediate support is $2.73 and the immediate resistance is the triple blue mid band area. Any breakout above the blue mid band will be another flight for freedom from the bear claws. The upper red resistance band has remain intact since June 2013 and awaits another challenge.

If there is a pullback below the mid blue band a retest of the $2.73 support is highly probable. Support failure of $2.73 will result in the imminent test of the lower red support band of the bear claws formation.

Wilmar Down Sloping Head and Shoulders Formation

Wilmar broke the neckline support zone on 14th January 2014 thus confirming the down sloping head and shoulders chart pattern. Price attempted to retake the neckline support turned resistance zone on 16th January 2014 but failed. Price has plummeted to a low of $3.07 and this low is the immediate support. If $3.07 support does not hold price will drop and test the green potential support zone. Any upward price movement will meet potential resistance at the yellow zone followed by the neckline zone.

Mapletree Industrial Trust - Potential Complex Head and Shoulders Formation

The longer term chart outlook for Mapletree Industrial Trust has a potential complex head and shoulders pattern. The tops of the multiple left shoulders and multiple right shoulders have formed a resistance as indicated by the red upper line. A breakdown below the critical neckline shown in blue must first happen to confirm this rare complex head and shoulders pattern. Neckline support failure will probably result in a price fall below $1.00 . Any strong upward breakout above the red resistance line will void this potential complex head and shoulders formation.

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