Quite a few people asked me what do I think of Capitaland as I have not said anything about it in a while. Well, if we look at the weekly chart, it is obvious that the downtrend is intact. However, the higher low on the MACD which accompanies the lower low in price gives us a positive divergence. Being in the weekly chart, it suggests that we could see a recovery in price eventually. A recovery could meet with resistance provided by the declining 20wMA. If we notice, this MA has functioned as resistance since late October 2010. Yes, Capitaland's downtrend has gone on for more than a year. The 20wMA is important because: 1. For traders, this is where they would probably sell. 2. If the 20wMA holds as resistance, price would probably form a lower high and continue to move lower. 3. If the 20wMA breaks and price ......