After the cooling measures announced in mid January this year, our local property stocks have been in the doldrums. Lately, they seems to make a come back. The above chats of CDL, Capital Land and Kepland seems to tell us that the counters have reached their supports and is ready to bounced back. CDL and Capitaland have yet reverse. However, I can see that Kepland is making its way up. Usually for property stocks, they will follow each others. If there is no major incident occurring that will adversely affect the markets, I would foresee that CDL and Capitaland will follow suits and climb like Kepland.
Kepland exhibited a marvelous rebound, upon hitting support of 3.27. It is now at its resistance of 3.85. Cautious traders can take some profit or tighten their stop while waiting to see how the counter is going to react. The candle of 12 Dec 12 looks strong and steady. It is likely that price will break that resistance before have a pull back.
On the extreme, Olam seems to stablised at its current price after so much talks in the media. Nontheless, there is a stronger support at 1.35.