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Stock Chart: Capitaland!
By Dou  •  May 27, 2012

On Friday, Capitaland re-test the support at $2.41 and closed at $2.43 with LOW volume of 9.19 million shares traded.

During the past 10 bars, there have been 2 white candles and 7 black candles for a net of 5 black candles.  During the past 50 bars, there have been 15 white candles and 27 black candles for a net of 12 black candles.

Both RSI & MACD are bearish though RSI in oversold region.

Important Resistance of Capitaland: $2.63

Immediate Support of Capitaland: $2.41

Currently prices are well below 20/50/100/200 days MA.

For the past 3 trading sessions, prices have been trying to find support at the $2.41 as the selling has eased.

The support at $2.41 is expected to be strong.

We would suggest buying at $2.41 support if interested as the selling has eased. Cut loss once $2....

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By Dou
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