CapitaLand – reaching a potential distribution zone | Technical Analysis | Singapore Stocks

A support turned resistance zone is a strong psychological zone where short-term traders would try to fade, or take profit on current longs. Hence, it is advisable to trail tight stops and watch the smart money carefully.

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About the author

Spencer Li is a self-made millionaire trader & investor, who achieved financial freedom at 27, having to date accumulated a diversified portfolio of properties, stocks, REITs, and 10+ businesses across different industries. As a professional trader, he has over 10 years of market experience, and has been featured on more than 20 occasions in the media.

 

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