On Friday, Capitaland re-test the resistance at $3.76 and closed at $3.71 with LOW volume of 7.92 million shares traded.
A black candle sticks with long upper shadow indicates that investors are not willing to buy up and rather take profit on long holiday ahead.
Both RSI & MACD are bullish as RSI remain trending upwards.
Important Resistance of Capitaland: $3.76
Immediate Support of Capitaland: $3.71
Currently prices are resisted by 50 days MA at $3.76
On 29/Dec, prices broke the resistance at $3.71 with high volume to display the bullishness of the investors.
Although the prices pullback to the support at $3.71 on 31/Dec but we remain bullish on the stocks as long as the support at $3.71 is intact.
If vested, do monitor on this support for any trading signals.
On Friday, Cosco continue to trend upwards and closed ...
...