On Friday, Capitaland re-test the resistance at $3.40 and closed at $3.33 with HIGH volume of 13.08 million shares traded.

A long upper shadow occurred.  This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).

Both RSI & MACD are bullish as RSI trend upwards.

Important Resistance of Capitaland: $3.40

Immediate Support of Capitaland: $3.25

Currently prices are supported by 20 days MA and resisted by 50 days MA

From the chart, we can see that prices has rally for past few trading days as its re-test the critical resistance at $3.40.

In fact, prices has re-tested the $3.40 resistance on Friday with high buying pressure but failed due to investors taking profit.

The critical resistance at $3.40 is expected to be very strong thus we would ...