Capitaland

Duke,

Capitaland is also one of my favourite stocks.


Capitaland — Symmetrical Triangle formation

Crucial support S$3, the long term horizontal support.

 

The last time I had free access to Heikin-Ashi was 20 Sep 2012 when I just joined this forum.

A subscription fees is required for the software. As I'm a trend trader, not an intraday daytrader, so I didn't subscribe for it.

 

CapitaLand's Financial Data

Income statement - Year on year Capitaland Ltd had net income fall 12.01% from 1.06bn to 930.35m despite a 9.33% increase in revenues from 3.02bn to 3.30bn. An increase in the selling, general and administrative costs as a percentage of sales from 16.22% to 17.58% was a component in the falling net income despite rising revenues.

Growth rates - Year on year, growth in dividends per share increased 16.67% while earnings per share excluding extraordinary items fell by 10.98%. The positive trend in dividend payments is noteworthy since very few companies in the Construction Services industry pay a dividend. Additionally when measured on a five year annualized basis, dividend per share growth is in-line with the industry average relative to its peers, while earnings per share growth is below the industry average.

Cash flow - In 2012, cash reserves at Capitaland Ltd fell by 761.38m. Cash Flow from Financing totalled 956.31m or 28.97% of revenues. In addition the company generated 249.30m in cash from operations while cash used for investing totalled 1.89bn.

Balance sheet - Capitaland Ltd has a Debt to Total Capital ratio of 41.71%, a lower figure than the previous year's 81.43%.

CapitaLand to raise US$520m in convertible bonds

May 20 (Reurers) – Singapore’s CapitaLand Ltd, the biggest property developer in Southeast Asia, plans to raise up to US$520 million (RM1.57 billion) in convertible bonds due 2020, according to a term sheet of the deal seen today.

The bonds were launched with a coupon of 1.375 per cent to 1.875 per cent and an initial conversion price of S$4.901 to S$5.0895, according to the term sheet. The offering would total up to S$650 million (RM1.57 billion), with an option to grow by an additional S$150 million.

Bank of America Merrill Lynch and Credit Suisse were hired as joint bookrunners for the offering, the terms showed.

 

Capitaland — Bear Flag formation

Capitaland closed with a black marubozu @ 3.47 (-0.06, -1.7%) on 23 Apr 2013.

Immediate resistance @ 3.57, immediate support @ 3.41.

 

Capitaland — Rounding Top Breakout TP 3.19; every rebound (lower high) is a short

Capitaland closed with a bearish dark cloud cover pattern @ 3.55 (-0.01, -0.3%) on 3 Apr 2013.

Immediate resistance @ 3.60, immediate support @ 3.50.

The last line of defense is @ 3.37, the 200d SMA.

Strong support @ 3.11, the long-term horizontal support @ 3.00.

 

:iagree:

DBS TP 16.50. :sunny:

Capland downward bias. :thumbdown:

 

UOB's Ascending Triangle Breakout reminds me of Capitaland when its long-term horizontal resistance-turned-support @ 3.11, last Sep 2012.

 

Duke,

Capitaland — A deeper correction to 3.11 is not impossible if the key support @ 3.40 is broken convincingly.

Using the price and the volume as a trend indicator:
1. High volume is bearish when the stock is in distributing mode.
2. High volume is bullish when the stock is in accumulating mode.
3. Capitaland's volume bar clearly indicates that there has been strong selling pressure from 26 Feb to 26 Mar 2013. (I set the Volume MA to 50d.)



Capitaland has corrected 0.63 (-15.6%) from high of 4.03 to low of 3.40 on 15 Mar 2013.

 

Duke,

DBS's current price action reminds me of Capitaland when its critical support was @ 3.11, last Sep 2012.

 

CapitaComm — Bearish rounded top breakout @ 1.595

CapitaComm has corrected 0.135 (-8.1%) from high of 1.675 to low of 1.54 on 18 Mar 2013.

Capitaland has corrected 0.63 (-15.6%) from high of 4.03 to low of 3.40 on 15 Mar 2013.

 

Capitaland — Rounding Top Breakout TP 3.19; every rebound (lower high) is a short

Capitaland closed with a bearish shooting star @ 3.51 (+0.01, +0.3%) on 22 Mar 2013.

Immediate resistance @ 3.60, immediate support @ 3.50.

Strong support @ 3.11, the long-term horizontal support is @ 3.00.

 

Capitaland — Rounding Top Breakout TP 3.19; every rebound (lower high) is a short

Capitaland closed with a white marubozu @ 3.53 (+0.02, +0.6%) on 20 Mar 2013.

Immediate resistance @ 3.59, immediate support @ 3.40.

Strong support @ 3.11, the long-term horizontal support is @ 3.00.





Performance Chart — SG property stocks as at 20 Mar 2013

 

Based on chart pattern, Capitaland's weekly chart is very bearish; strong support @ 3.11.

Capitaland — Rounding Top Breakout TP 3.19; every rebound (lower high) is a short

Capitaland closed with a white marubozu @ 3.46 (+0.06, +1.8%) on 18 Mar 2013.

Immediate resistance 3.50, immediate support 3.40.

 

Capitaland — Rounding Top Breakout TP 3.19; every rebound (lower high) is a short

Capitaland closed with a white marubozu @ 3.46 (+0.06, +1.8%) on 18 Mar 2013.

Immediate resistance 3.50, immediate support 3.40.

 

Based on chart pattern; the bearishness of these 4 stocks was quite obvious, prior to the downside breakout:
(Early bearish signals given with prices forming a LL & LH)

1. Capitaland — Dead Cross; 40SMA crossed 20 SMA
2. CapitaComm — Dead Cross; 20EMA crossed 10EMA
3. Goodpack — EOD closing with plenty of black marubozu
4. CDL — EOD closing with plenty of black marubozu

 

Capitaland — Rounding Top Breakout; TP 3.19

Capitaland closed with a black marubozu @ 3.40 (-0.15, -4.2%) on 15 Mar 2013.

Immediate resistance 3.50, immediate support 3.33.





How to Shortsell, Trade Example

[video=youtube;FFwkfsyc5tU]http://www.youtube.com/watch?v=FFwkfsyc5tU[/video]

 

CapitaComm — Bearish rounded top (inverted saucer) formation; expect more downside than upside
(Ref. below Capitaland's rounded top formation.)

 

Capitaland — Rounding Top formation

Capitaland closed with a spinning top @ 3.59 (+0.01, +0.3%) on 13 Mar 2013.

Immediate resistance 3.61, immediate support 3.53.

 

CapitaComm — Bearish rounded top (inverted saucer) formation; expect more downside than upside.
(Ref. below Capitaland's rounded top formation.)


Wait for a decisive signal (preferably a long black marubozu) to SHORT, instead of LONG.



How to Shortsell, Trade Example

[video=youtube;FFwkfsyc5tU]http://www.youtube.com/watch?v=FFwkfsyc5tU[/video]

Capitaland — Rounding Top formation

 

Capitaland — Rounding Top formation