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 trader, investor and entrepreneur who currently manages his own portfolio of stocks, REITs, currencies, cryptocurrencies, properties, and businesses. As a former professional in private equity and proprietary funds, he has over 10 years of market experience, and has been featured on more than 20 occasions in the media. As an international speaker and avid globetrotter, he has travelled to over 50 countries to spread his knowledge.

 

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