On Friday, Capitaland re-test the support at $3.40 and closed at $3.50 with HIGH volume of 19.54 million shares traded.

A white candle sticks with short lower shadow indicates that the support at $3.40 is very strong and investors buying up on this support.

Both RSI & MACD are bullish as RSI trend upwards.

Important Resistance of Capitaland: $3.54

Immediate Support of Capitaland: $3.40

Currently prices are resisted by 100 days MA at $3.54.

The support at $3.40 has been tested 3 consecutive times in the past week and investor seems to have confidences in buying the stocks up.

Thus we concluded that $3.40 support is strong and signal signs of reversal for CapitaLand.

Due to RSI already near to overbought region, we would hope to see some pullback before entry and $3.25 support will be ideal entry price.

On ...