Monday, January 27, 2014

********* Sell: Capitaland. Share price 2.84. ( Broken immediate support again)

Capitaland has broke the 2.95 support more than a week ago and did not manage to bounce back above it. Has broke the immediate 2.85 support today on pretty strong volume, likely to head lower to 2.80. A break below 2.80 can see it go to 2.60 range. Cfd SELL trade opportunity. A slight descending triangle downward pattern formation from July to Dec last year before it broke the support which can signal some bearishness.
Stop loss at 2.88
 

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