Shares & Derivatives
Stock Chart: Capitaland, Midas!
By Dou  •  July 25, 2011

On Monday, Capitaland re-test the resistance at $2.95 and closed at $2.92 with LOW volume of 4.32 million shares traded.

A flat candle sticks with long lower shadow indicates that the rally has lost its momentum and investors began to take profit.

Both RSI & MACD are flat as RSI trend sideways.

Important Resistance of Capitaland: $2.95

Immediate Support of Capitaland: $2.75

Currently prices are resisted by 50 days MA at $2.95.

It seems that prices are having issues in breaking the critical resistance at $2.95.

The resistance at $2.95 is expected to be very strong.

Do not advise to enter now especially Capitaland seems pretty shaky since China may tighten its policy any moment.

On Monday, Midas re-test the support at $0.60 and closed at $0.61 with HIGH volume of 18.66 million shares traded.

A falling window occurred ...

...
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By Dou
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