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Wednesday, January 11, 2012

CapitalMall Asia Broke 20 Days Moving Average!

CMA is back to 1.2 now! It is an exciting news to share. As discussed on previous links if it is back to 1.2, i will buy this counter. The preferred entry price is 1.8 - 1.2.

Now CMA is rebounding second times since last week. It is an encouraging news but the low volume worried me; continous evaluation is required due to the last confirmation - high volumn. Anyway, it looks positive. A high volume will definately firm up my determination.

Chinese New Year Holiday is around the corner, that can be the cause for low volume. Hence i am expecting a high volume after CNY. If this not gonna happen, re-evaluating on the decision to hold or sell off this counter is a must. If it happen as per expectation, a strong rally will come. This counter sleep too long. Time to wake up and prove its capability to investor!

CapitalMall Asia Broke 20Day Moving Average!


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