Shares & Derivatives
Stock Chart: Capitaland, SGX!
By Dou  •  June 19, 2011

On Friday, Capitaland broke the support at $2.82 and closed at $2.75 with HIGH volume of 20.95 million shares traded.

Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

Both RSI & MACD are bearish though RSI in oversold region.

Important Resistance of Capitaland: $2.82

Immediate Support of Capitaland: $2.68

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

On Friday, prices broke the support at $2.82 with high selling volume and this is a very bearish signal.

The immediate support will be at $2.68 and it is expected to be very strong.

Since there are no indication of selling been eased, we would advise to skip this stock first till signs of reversal.

On Friday, SGX re-test the support at $7.11 and ...

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By Dou
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