On 20 Feb 2013, we discussed about Capitaland with the opinion that in a Bear market, the RSI will shift and begin to oscillate within the range marked by the support zone of 20 - 30. The closing price of Capitaland on 19 Feb 2013 was 3.950, with the RSI of 58.433. Yesterday, Capitaland closed at 3.590 with the RSI of 34.668 (and the recent RSI low of 28.679, Capitaland closed at 3.530 on 11 March 2013). Will there be a swing rebound? or a a move below 3.500?
