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 …