On Tuesday, Capitaland broke the critical resistance at $2.30 and closed at $2.35 with regular volume of 8.25 million shares traded.

During the past 10 bars, there have been 3 white candles and 5 black candles for a net of 2 black candles.  During the past 50 bars, there have been 15 white candles and 28 black candles for a net of 13 black candles.

Both RSI & MACD are bullish as RSI trend upwards.

Important Resistance of Capitaland: $2.38

Immediate Support of Capitaland: $2.34

Currently prices are supported by 20 days MA.

Today prices managed to break out of the critical resistance at $2.30 but the buying pressure was contained and not really impressive.

The resistance at $2.38 is expected to be strong.

Due to the weakness in the rally, we would not suggest buying now but rather watch if we ...