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.
City Development (CDL) is hitting a tough resistance at about $11.30. This level was the previous Triple Tops resistance. Base on past two candlestick of spinning top and doji, the upside has stalled. Now need to watch for 2/5 EMA crossover on both daily and weekly chart to confirm whether CDL starts the correction.
OCBC Bank is hitting a tough resistance at about $9.00. This level was the previous Triple Tops and also support turned resistance level. Current chart pattern represents a shorting opportunity and ”just need to watch for the bear to wake up.