Capitaland: Rebound within a Down Trend Channel

Capitaland is still trading in a down trend channel. Provided by big bad news to cause Capitaland to break the down trend support, it is expected Capitaland will have short rebound at the current level.

  • Support at about $2.388 which is the down trend channel support and also 23.6% Fibonacci Support.
  • Resistance at about $2.776 which is the down trend channel resistance and also the 38.2% Fibonacci Resistance.

 

 

This Post Has One Comment

  1. Marubozu

    Capitaland is getting close to the down trend resistance. The stock price is going to reverse very soon!

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