I'm monitoring this counter + others such as Capitaland,City Dev, Kepland,
This is interesting for me to see what will happen after the gov announcement 2 wks ago whether it does slow down the property market and impact the stock prices at the end.
Like what we learn in the marketing study, PEST factor is important criteria and a guidance for us to judge whether or not we should invest.
Remember "P" mean Politic and it is in the first place of Pest.
Allgreen does retarced and rebounced back to test the resistance line but it still in the channel that may not favor to those who holding it. For those who not may be is good to have look.
The 61.8% line is at 0.952 SGD , will it touch the line?? Before it will reach 0.952SGD it have 2 support lines they are at 1.18 and 1.12SGD.
Is there a 3rd support line? Yes, it does. it is at 1.0SGD.
October 16, 2009
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