On Wednesday, Capitaland gap down and closed at $2.80 with HIGH volume of 26.5 million shares traded.

A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend. There have been 3 falling windows in the last 50 candles–this makes the current falling window even more bearish.

Both RSI & MACD are bearish as RSI trend downwards.

Important Resistance of Capitaland: $2.95

Immediate Support of Capitaland: $2.75

Currently prices are resisted by 20/50 days MA at $2.95.

Today Capitaland gap down and undergo heavy selling pressure as investors dump this stock form safety.

The support at $2.75 is expected to be strong and critical. More selling will be triggered if this support is breached.

Watch this support if vested since it may re-test support in this week.

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