Capitaland: Falling Wedge

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Capitaland is currently trading in a Falling Wedge. Resistance at $3.15 and support is at $3.00. Long term price target base on Fibonacci Expansion, Capitaland may reach the 161.8% Fibonacci Retracement Level at about $2.44. Technically the chart is bearish and good for shorting when the rebound is exhausted.

See previous analysis on Capitaland: Elliott Wave.

2013Sept3-Capitaland-800x600

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