Friday, February 12, 2016

Capitaland: Heading towards 2.70 as mentioned, more weakness below again ? price 2.82

Indeed the 2.90 did not hold…. Trend weak below this now….

Sent: Wednesday, February 10, 2016 9:29 AM
Subject: ********** Capitaland: A short term negative with more selling likely below 2.90 too.... price 2.93
Capitaland has rebounded towards the 3.10 resistance 2 weeks back but more selling seen again as it trades back down to support at 2.90 – 2.92 now. A rounding top pattern seen with support currently at 2.90, any further breakdown below 2.90 can see more selling as mentioned towards the 2.80 then 2.70. 20 day MA line has crossed below the 100 day MA line which can signal a downward trend taking shape.

No comments:

Post a Comment