On Thursday, Capitaland gap upwards and closed at $3.24 with LOW volume of 9.76 million shares traded.
Both RSI & MACD are bullish though RSI in overbought region.
Important Resistance of Capitaland: $3.30
Immediate Support of Capitaland: $3.12
Currently prices are resisted by 100 days MA at $3.30
Today, prices gap up and re-test the resistance at $3.30 with low buying pressure but failed.
The resistance at $3.30 is expected to be strong.
We would not suggest buying this stock especially on overbought RSI and critical resistance at $3.30. In fact, we suggest to sell at $3.30.
Important News
CapitaLand Ltd. (C31.SG) plans to raise up to 700 million Singapore dollars (US$562.6 million) through an issuance of convertible bonds. They will sell an initial S$600 million in bonds that can be converted into new ordinary shares with an ...
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