Capitaland-worth looking?

Genting Hong Kong Elliot Wave 3?

Observations:
-Genting HK's had been trading sideways for the past few weeks.
-Overall look at the chart seemed to indicate that its Wave 3 formation have yet to be fully completed. IF this is so and prices move on to complete Elliot Wave 3, it could mean that prices would easily go past the previous high of US$0.55.
-Px seemed to be forming an ascending triangle look-alike shape with resistance at US$0.475. I would not totally call it an ascending triangle since price fluctuations are not as pronounced as the typical ascending triangle.
-MACD just crossed over to the positive.
-50D MA rising, currently at US$0.445. This could provide support for the price.
-Bollinger band narrow.

Trading Hypothesis:
I expect GHK to break its high of US$0.55 in the meantime. Any close above US$0.48 would be lend further support to this hypothesis, as px break out of the ascending triangle. A target price of US$0.6x might be likely following its completion of Wave 3 formation.

Capital Malls Trust Bullish Reversal Hammer Sighted

Today, CapitalMall Trust formed a bullish reversal hammer, signaling that its downtrend over the past 2 weeks is coming to an end. Prices pulled from its intra-day low of 1.93 to end at 1.99 at the closing bell.

Observations:
-Px formed a hammer during today's session, after rebounding off 150D MA support.
-150D MA has been supporting prices well since the beginning of May last year.
-Hammer candlestick formed alongside exceptionally high volume, giving great significance to the candlestick.
-MACD and stochastics down for quite some time. Likely reversal soon.

Trading hypothesis:
I expect a further uptrend from this point. Next resistance could possibly be at the 50D MA at 2.02, which i expect to take place. A break above 2.02 would be a further bullish trading signal for trader's to take up position in addition to the bullish hammer reversal candlestick we have today.