Capitaland: Triple Tops

Capitaland is forming a Triple Tops, a reversal chart pattern, and currently just sitting at the 50D SMA and also the uptrend support. Breaking this support will change the trend for Capitaland. Upside potential is capped at $4.00 resistance but downside risk is huge. 200D SMA is at about $3.215.

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  1. Sebastian

    Not only was there a triple top formation,
    The MACD/ and RSI pattern over the past 2.5 months should an obvious bearish divergence which is a premonition of a downward price movement. I would expect the 68% Fibonacci support of about 3.5 support to hold and if not further down to 50% suppor at about 3.2 to hold for continuation of uptrend

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