CapitaLand has been trading sideway between $3.40 to $4.40 for the past 18 months. This is the 1st time in 18 months CapitaLand is unable to break the 200D MA resistance (in January 2011) and moves toward the $3.60 support. This $3.60 support proved to be a strong support for the past 5 occassions. If this support is broken, CapitaLand has very high chance to start down trend.
- Post author:Marubozu
- Post published:January 27, 2011
- Post category:Capitaland
- Post comments:1 Comment