On Thursday, Capitaland broke the support at $3.09 and closed at $3.07 with LOW volume of 9.89 million shares traded.

A black candle sticks with short upper shadow indicates that bulls attempt to recover back above the critical support of $3.09 but failed.

Both RSI & MACD are turning flat as RSI trend sideways.

Important Resistance of Capitaland: $3.09

Immediate Support of Capitaland: $3.05

Currently prices are well below the 20/50/100/200 days MA.

The critical support at $3.09 has been broken today with low selling pressure.

Although the selling pressure is relatively contained but it is a bearish signal and could trigger heavy selling pressure if prices cannot recover back above $3.09 level.

Do not encourage to buy now as Capitaland is very bearish now as there are no signs of any buying from the market.

Watch for any heavy selling pressure ...