Monday, August 24, 2015

Capitaland: psychological 3.00 support did not hold, have crossed our 1st target at 2.90.....

Now at 2.88, more downside towards 2.70 now as mentioned last week?

Sent: Wednesday, August 19, 2015 4:40 PM
Subject: ********* Capitaland: Seeing some weakness as it trades below support... price 3.03
Capitaland has traded lower on a weaker market after failing to cross above the 3.20 resistance last week. Next support would be at 3.00 where I can rebound from but any further clearing of this support may see more downside towards 2.90 then 2.70 with both 20 DAY and 100 DAY MA lines pointing lower.  CFD SELL can be used to ride the downside below 3.00 further. MACD looks weak and still trending down. Cautious long.

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