CapitaComm Trust appeared to be forming 2 ascending triangle as it moved up.
First ascending triangle started in July 2010 and breakout on Sept 2010 at $1.40, hitting the projected target of $1.48 at least.
Second ascending triangle which is now forming have the apex at $1.48, also the breakout level and projected target of at least $1.56.
The duration of breakout for first ascending triangle was 2 month. If going by the same time frame, the breakout of the second ascending triangle should be somewhere in Nov 2010.
Break down at $1.43 will void the current ascending triangle formation.
Points to monitor :-
1. Breakout level at $1.48
2. Breakout volume at $1.48
3. Breakdown level at $1.43
