On Friday, Capitaland trend sideways and closed at $3.08 with HIGH volume of 23.82 million shares traded.
Both RSI & MACD are bullish as MACD lines began to “cross up”
Important Resistance of Capitaland: $3.13
Immediate Support of Capitaland: $2.98
Currently prices are well below 20/50/100/200 days MA.
Prices tried to break out of the resistance at $3.13 on Thursday with high buying pressure but failed. The resistance at $3.13 proven to be a challenge for the bulls.
The support at $2.98 is expected to be strong.
We would not suggest buying this stock as prices have been falling since 15/May. However if really interested, do look out for the support at $2.98 for entry.
Stock Chart: Capitaland! is contributed by : Singapore Stock Information Exchange
