17 March 2010 - Capitaland

We win. A look into the history of Capitaland (Friedrich Nietzsche's Law of Eternal Occurrence strikes a sound chord here) will tell us that it's got a tendency to gap by around 2%.

This is confirmed by looking at the pre-opening market depth, with resistances at $4.14 and $4.18. With the DOW currently at a booming 44 points green at the moment, hitting the $4.18 ceiling won't be hard.


The Breakdown:
Chart from Yahoo Finance.

Fig. 1. Capitaland Intraday Chart, 17 March 2010

Capitaland:
Opening Price: $4.03 (Gap Up)
Previous Volume: 15,600
Closing Price: $4.10
Closing Volume: 27,500

Price Acquired: $3.96
Lots Acquired: 5
Break-Even Price: $3.99

The Call: Queued at $4.18 to sell; depending on morning intensity and volume, may cut earlier.