On Wednesday, Capitaland re-test the resistance at $2.75 and closed at $2.71 with HIGH volume of 7.031 million shares traded.

A black candle sticks with long lower shadow similar to “Hanging man” affirms that rally has weakened.

Both RSI & MACD are flat as RSI trend sideways.

Important Resistance of Capitaland: $2.75

Immediate Support of Capitaland: $2.60

Currently prices are supported by 20/100 days MA at $2.60

Since 5/Aug, prices have been consolidating along the key support at $2.34 and key resistance at $2.75.

The resistance at $2.75 is expected to be very strong.

Do consider to short Capitaland at $2.75 resistance as there are little interest from the bulls to bring the prices higher based from the past 2 weeks.

On Wednesday, Sembmar trend sideways and closed at $4.03 with LOW volume of 3.68 million shares traded.

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