Capitaland: Trading in a Down Trend Channel

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.

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  1. Marubozu

    Capitaland is getting close to the down trend channel’s resistance.

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