Just last week, we spotted some selling pressure in Capitaland with a Bearish reversal candle seen near the 3.30 level..
Hence some weakness expected and downside target drawn as seen below..
Buyers were losing strength it seems after the rebound from the 3.00 level over the past 1 month…
Today, seems like we have already hit our target and some short covering seen…
Would want to be careful on more bearish price actions below 3.10 where we may see our target revised lower…
There are still signs of longer term trend down for now…
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