It’s been 6 months since launches of IPO of CapitalMall Asia @ $2.12. Two weeks ago it was the first time the price dropped below this initial price. However, not more than 2 weeks time, peoples had started to accumulate the stocks and supported the price back to $2.12 level. Today closing is convincingly where prices are steadily stand above $2.12 to give a golden cross on MACD moving averages line and MACD histogram revert back to positive region. Hence, we recommend “buy” on this stock whereby stop loss shall be put a tick lower on recent low.
