This piece of news shook Capitaland; another reason in chart

Did Capitaland fall 3.44% because of Ex-Dividend, bad news or something else?

Probably a confluence of all three factors.


Reason #1 – XD today

Investors who were holding to collect dividends had no reasons to hold on anymore and decided to sell at the same time?


Reason #2 – Shook by this piece of bad news for property sector?

Singapore property investment sales tumble 74% to $1.75b in Q1 from previous quarter: DTZ

SINGAPORE – Real estate investment sales fell 74 per cent to S$1.75 billion in the first three months of the year from S$6.7 billion in the final quarter of 2015, said consultancy DTZ.

In terms of volume, or number of investment deals in Q1 2016 was the lowest since the third quarter of 2009, which was during the global financial crisis. Investment sales hit a low of S$192 million in Q1 2009, said DTZ in its report released on Monday (April 25).


Spot Reason #3


Capitaland C31 weekly chart; EOD 22 April 2016

Capitaland joins many other stocks that are terminating their long term trends.

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Soh Tiong Hum is Director of TerraSeeds Market Technician Pte Ltd. TerraSeeds is a trading educator in Singapore since 2005.   Soh's Twitter account @sohtionghum was ranked #23 out of The Top 70 Twitter Accounts To Follow In 2015 by MahiFX.   Disclaimer notice: "I do not have a financial advisor's license. I am not qualified by any regulator to give financial advice. I do not know you the reader. Your investment means and motive may be different from me. My posts here are based on observations and meant for education. I am not responsible for for any consequence from your actions."
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