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