Dear all Just wish to alert that Capitaland Investment (CLI) is trading at an all-time low since its move to privatise its development arm and spin off its fund-management and property-investment business (refer to Business Times’ link HERE). As I am writing this article, CLI has tumbled approximately 14% from $3.19 on 2 Jan 2024 to trade $2.75 today. If it closes at $2.75 today, it will be an all-time low closing price. The recent decline is accompanied with above average volume. Although such price action is not ideal, I wish to discuss a few points below on why I […]

Dear all Just wish to alert on Seatrium’s chart development which may be noteworthy. Seatrium has tumbled approximately 26% from $0.120 on 2 Jan 2024 to $0.089 today. In fact, the sell-off has accelerated in the past ten trading days. Since 29 Jan, Seatrium has slid approximately 18% from $0.108 to $0.089 today. This 18% decline is accompanied with above average volume. Although such price action is not ideal, I wish to point out a few points. a) Crucial resistance-turned-support area $0.087-0.088 likely will hold Based on Chart 1 below, Seatrium is now testing a crucial resistance-turned-support area $0.087-0.088. Recall […]