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....
...