What an amazing run up Capitaland's share price had in the last session. That the run up was accompanied by huge volume is good news for bulls. Short sellers were probably scrambling to cover their positions in the last session, surprised by the buying strength. Anyone who added to their long positions or initiated one in the last few sessions would be wise to search for exit points, if they have not done so already. Why? Make no mistake, Capitaland's share price is still in a downtrend. Only if it were to break out of resistance provided by the declining 100dMA in a convincing manner could we say that the downtrend is broken......