Safety in the markets

CAPITAMALLS TRUST ($1.88) – Seeking alpha
- In trading range all year
- Test the confluence of 100 and 200 day moving averages at $1.85
- Ceiling appears at $1.92
- Support at $1.78

CAPITARETAIL CHINA TRUST ($1.17) – Limited downside and upside
- Volume shrank on the decline, indicating absence of selling pressure
- Support is at $1.15
- Resistance is at $1.20

CAPITAMALLS ASIA ($1.28) – Forming a bottom?
- Technical indicators are looking better than the STI
- Volume has been rising on white candle days
- Downtrend intact unless it clears $1.36
- Support is at $1.14

CAPITALAND ($2.52) – A positive divergence
- There is now a clear divergence between price and quarterly momentum
- Resistance is at $2.51
- Support is at $2.38 to $2.43 range

FRASERS CENTREPOINT TRUST ($1.46) – Testing resistance
- This counter is one of the first to move above its 50 day moving average at $1.45
- It is also trying to clear its 100 day moving average
- Prices will probably remain within a narrow range between $1.45 and $1.50

MAPLETREE INDUSTRIAL TRUST ($1.15) – Attempting a rebound
- Prices found support at $1.05
- Prices should move sideways in the next few weeks
- Any recovery is likely to meet resistance between $1.13 to $1.14 region
- Prices remain above its IPO price of 93 cents

(Source: TheEdgeSingapore, October 17 2011)