On Friday, Capitaland re-test the support at $2.38 and closed at $2.42 with LOW volume of 14.54 million shares traded.

A black candle sticks with short lower shadow affirms that investors are buying on dip to $2.38 support.

Both RSI & MACD are bearish as RSI trend downwards.

Important Resistance of Capitaland: $2.48

Immediate Support of Capitaland: $2.38

Currently prices are resisted by 20 days MA at $2.48.

On 4/Oct, prices broke the critical support at $2.38 with high volume but managed to recover back above this level after few days.

However we would like to note that the rally is relatively weak due to low buying pressure.

The support at $2.38 is expected to be strong but we do not suggest to buy now since the chance of the dead cat bounce is high.

On Friday, Biosensors re-test the resistance ...