Shares & Derivatives
Stock Chart: Capitaland, Wilmar!
By Dou  •  February 6, 2011

On Tuesday, Capitaland re-tests the major resistance at $3.61 and closed at $3.61 with LOW volume of 7.52 million shares traded.

A white candle sticks with long upper/lower shadow indicates hesitant on the rally as its approaches the critical resistance.

Both RSI & MACD are bearish as RSI trend downwards.

Important Resistance of Capitaland: $3.61

Immediate Support of Capitaland: $3.56

Currently prices are well below 20/50/100/200 days MA.

Capitaland has been very bearish as prices broke the critical support at $3.61 on 1/Feb.

For the past few trading days, prices has been trying to break the resistance but failed to go above $3.61.

We would like to warn investors who are vested in Capitaland to be careful as China policy tightening has created strong selling pressure for property stocks.

Although it is an attractive price for entry now but we advice to wait ...

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By Dou
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