Yangzijiang rebounds from 61.8% Fibonacci Support ($1.38) and going to test the neckline (Head and Shoulders) support turned resistance at about $1.50. This $1.50 resistance is also the 20D MA resistance. Failing to break this resistance indicates the bull has surrendered to the bear. Immediate support is about $1.38. Price target of the breakdown is $1.20.
Kepland is trading in a down trend although rebounded from the 50% Fibonacci Support.
Immediate resistance is the 61.8% Fibonacci Resistance at $3.665, followed by next important resistances at around $4.00 to $4.20 region. $4.20 is the 200D MA resistance. Failing to break above $4.20 continues the downtrend for Kepland.
Capitaland is currently trading in a down trend channel. The stock may rebound in the next few days after hitting the down trend channel support but will be facing psychological resistance at $3.00 followed by $3.10 the down trend channel resistance. There are no sign of Capitaland is going to bottom out soon. Also take note that the long term 200D MA is trending down.
