Capitaland: Uptrend Still Intact But Watch the Support!

Capitaland is still on the uptrend channel but there are critical levels to watch. These two levels are extremely critical because it will change the wave count in the Elliott Wave pattern.

  • $3.15: Previous Support Turned Resistance. If Capitaland goes back above this level in the next few days, Wave 5 (bullish) still in action.
  • $3.10: Uptrend Channel Support + 20D SMA. If Capitaland breaks this support, Wave A (bearish) starts.


Previous analysis on Capitaland – Elliott Wave.

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