Capitaland: Continue the Down Trend

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A Three Inside Down candlesticks pattern (a reversal pattern) has formed for Capitaland when Capitaland hit the 50D MA resistance and near to the down trend channel resistance, plus unable to break the $3.00 psychological resistance. Expect Capitaland to continue to trade within the down trend channel. Next support is at $2.776 followed by the down trend channel support.

See previous analysis on Capitaland.

 

Continue ReadingCapitaland: Continue the Down Trend