On Monday, Capitaland trend aimlessly and closed at $3.15 with regular volume of 12.76 million shares traded.
A flat candle sticks with short upper/lower shadow similar to Doji indicates the hesitant of the investors as they cannot decide on the trend ahead.
Both RSI & MACD are turning flat as RSI trend sideways.
Important Resistance of Capitaland: $3.25
Immediate Support of Capitaland: $3.10
Currently prices are well below the 20/50/100/200 days MA.
The support at $3.10 is expected to be very strong and it is very critical that prices cannot fall beyond this level. Heavy selling likely to be triggered once $3.10 support breached with high volume.
If interested, do consider $3.10 support as entry point but cut loss once this support broken.
On Monday, Golden Agri re-tested the support at $0.665 and closed at $0.67 with LOW volume of 52....
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