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.
Capitaland: Trading in a Down Trend Channel
- Post author:Marubozu
- Post published:June 21, 2011
- Post category:Capitaland
- Post comments:1 Comment
Tags: channel, Down Trend Channel
This Post Has One Comment
Capitaland is getting close to the down trend channel’s resistance.