Although analysts from Citibank, OCBC and more have given CapitaMalls Asia glowing reports, the long black candle which was formed yesterday on the back of very high volume was ominous. Breaking immediate support provided by the 20d MA earlier in the week, the bearishness was confirmed as trading started under the 20d MA. It then went on to hit the 50d MA at $2.06 before recovering a bit to close at $2.08. The question to ask now is whether the 50d MA, the new immediate support, would hold. The MFI has formed a lower high. The MACD has formed a lower high. Negative divergences aplenty and bearing in mind that prices go down a river of hope, I put in an overnight sell order at $2.12 to reduce exposure. If we look at the weekly chart which provides a longer term picture, the 20w MA is still under $2.00. ......